All Type of News
Domestic pharmaceutical industry calls for overhaul of new drug pricing policy
Many pharmaceutical firms is strongly opposing the projected drug price re-evaluation system that the government intends to introduce from this September 1, saying that the new system will lead to a tremendous damage ...
Domestic pharmaceutical firms to lower wholesaler's margin
Influenced by the recent implementation of the minimum drug price system, some leading pharmaceutical firms have moved to significantly lower the distribution margin of a drug wholesaler by a 5 percent level in a bid ...
Quasi-drugs are becoming unpopular at pharmacy market
Dong-A Pharm, which newly launched GARGLIN.m toothpaste, said it would take part in the domestic toothpaste market, which has been halved by LG and Pacific Pharm, but turn their eyes to large marts and home-shopping m...
Health Foods industry gearing up marketing offensives towards oncoming Chuseok seaons
According to local business sources, major health foods companies are rushing to expand the sales of some renowned package items, including vitamins, aloe, and biofoods over the Internet and home-shopping ahead of Chu...
45% market shares grabbed by 4 big wholesalers.
The top 4 leading drug wholesalers took about 45% shares of the total drug wholesale markets, which may accelerate other domestic drug wholesalers to get merged for the establishment of the nation wide sales net...
Drug prices to cut down soon by 50% in maximum.
Prices of about 14,000 NHI drugs will be soon reviewed, targeting about 110 billion won of NHI financial saving out of 3,800 drugs.
The MOHW announced on Sept. 11 that detailed enforcement plans for "Drug Price Rev...
Controversy over anti-psychotic drugs subsided
Jassen Korea and Lilly Korea have recently agreed that they will no longer argue over the indications and effects of their anti-psychotic drugs, Risperdal (risperidone) and Zyprexa (olanzapine).
The tentative decis...
H.Lundbeck Korea eye CNS market in Korea
H.Lundbeck A/S, a renowned CNS drug maker in the world, has finally entered the Korean market with a firm strategy to expand their presence in the domestic CNS market within the next three years under strategic allian...
Korea Bio Center to set up in Scotland in 2004.
According to the Korea Health Industry Development Institute (KHIDI) a biotech research center seems to be set up in Scotland under the name of "Korea Bio Center" in 2004 for the purpose of utilizing excellent bio rel...
SPCU to operate e-trade service on October
A convenient service to allow both drug purchase and banking business via Internet can be soon introduced, the Seoul Pharmacist Credit Union (SPCU) said on September 9.
The SPCU said that in collaboration with A+Ph...
