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Process of actual transaction price check needs to ameliorate.

Under the circumstances of which the government's treatment for the claims raised by the drug suppliers against the government's unfair drug pricing check went circumventive largely caused by the government's policy i...

Contraceptive Implanon strengthens its presence in Korea

Contraceptive implants Implanon, which was launched May this year, is rapidly expanding its market shares in Korea. According to Organon Korea, a number of Korea women are using Implanon as a novel contraception me...

Cultured epidermal autografts developed successfully in Korea

The Food and Drug Administration (KFDA) said it has approved market authorization of Tego Science's biotechnology-based Holoderm, cultured epidermal autograft, a skin replacement product that can permanently close a b...

Clinical trials underway for 41 new drugs

The Korea Food and Drug Administration says the current clinical trials are underway for 41 new drugs in 2002, showing a slight decreased compared with 45 new drugs a year earlier. Of the 41 new drugs, new drugs accou...

OTC drug prices all varied at different stores.

The public prices of OTC drugs showed quite a different gap among different pharmacies, which may jeopardize the credibility of pharmacy. Besides, the purchasing prices of OTC drugs did not show any big balance wit...

Direct transaction of general hospitals will be permitted after reform

Pharmaceutical business sources say that although the Regulatory Reform Committee (RRC) intends to revise the current drug distribution law in a bid to allow the direct transaction of general hospitals towards the lat...

Korea and Japan agreed to cooperate bio industrial networks.

The bio industrial cooperation between Korea and Japan seems to be activated and its networks will be built up very soon. The Korea Bio Venture Association (KBVA) said that many domestic bio venture companies trie...

Bukwang's Clevudine awarded HITEK 2002 grand prize

The Korea Health Industry Development Institute announced it recently selected 10 new technologies involved in R&D news drugs, medical instruments, foods and cosmetics in HITEC 2002 Award aiming at promoting the domes...

Pharmaceutical shares higher amid correction period

There have been some positive signs that the pharmaceutical shares, which have been so far underestimated in Korea's stock market, are regaining their momentum after a prolonged period of time. The pharmaceutical ...

Returned stocks left unsettled due to different counting views.

After the medical reform program most of unused stocks kept in pharmacies were favorably returned but its accounting settlement has not been appropriately made yet mainly owing to far distant views over the stock valu...

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