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What are reasons why illegal rebate incidents never stop?

Even in the atmosphere to implement fair ethical management, a series of drug rebate crises have never stopped to occur in the pharmaceutical industry. Pharmaceutical companies, including a Y company at the end of th...

Why did prosecution search Huons not even for rebate?

It was known the case of Huons, which was searched by the Dongbu Branch of Busan District Public Prosecutor’s Office on the 2nd, was not related to rebate. According to a source from the industry, Huons was observed ...

Prosecution’s search and seizure on medium-sized pharmaceutical company

The pharmaceutical industry has paid sharp attention to the prosecution which has searched and seized a medium pharmaceutical company at the beginning of the year. On the last 2nd, the Dongbu Branch of Busan District...

LG Chem enters Red Bio market with merger of LG Life Sciences

As LG Life Sciences got merged into LG Chem on the 1st of January, it will be operated as its life sciences department. When it came to the merger of LG Life Sciences, LG Chem announced it has now strengthened the fu...

Dong-A Socio establishes Chairman Jung-Seok Kang management structure after Chairman Shin-Ho Knag

Chairman Shin-Ho Kang, who has led Dong-A Socio Group for 35 years after the late Chairman Joong-Hee Kang, the founder, will be appointed as the honorary chairman to take a step back from the management, and Vice Chai...

Hanmi Science & Hanmi Pharm’s bonus issue of 0.07 shares per common share

Both Hanmi Science and Hanmi Pharm announced a bonus issue of 0.07 shares per common share on the 3rd. Thus, Hanmi Science, a parent company of Hanmi Pharm Group(CEO Jong-Yoon ...

Will pharmaceutical distribution industry take tough action against MSD?

The pharmaceutical distribution industry has attracted interests if it will take a strong action on the MSD’s margin cut. The Korea Pharmaceutical Distribution Association(KPDA) recently held a CEOs’ meeting and made...

MAFRA proclaims new Veterinary Law to restrict self-practice on dogs and cats

The Ministry of Agriculture, Food and Rural Affairs(MAFRA) decided an amendment to the Veterinary Law which includes a regulation to restrict animal owners to exercise medical practices on their pets, like dog and cat...

Raphas selected as ‘World Class Company’ with transdermal technique ‘Microneedle Patch’

Raphas(CEO Do-Hyun Jung) announced the company and its ‘Hyaluronic Acid Patch’ were selected as the World Class Company of the Next Generation and World Class Product of the Next-Generation at the ‘2016 World Class Pr...

Drug distribution industry’s ‘new question’ to solve over MSD’s margin cut

The pharmaceutical distribution industry will have to take a new test over the MSD Korea’s plan to cut distribution margins. Depending on how the industry will solve the issue, it will become a chance for pharmaceutic...

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