All Type of News
KRICT to extend research exchange program with China
The Korea Research Institute of Chemical Technology (KRICT: President Kim Choong-sup) announced to extend a research exchange program with China in the fine chemical industry.
Dr. Kim took a trip to China on June 2...
KPTA to call for more investment-oriented government policies in R&D
In its meeting of Board of Directors on May 29, the Korean Pharmaceutical Manufacturers Association (KPMA) has recently criticized the government's drug-related policies to arbitrarily lower the insurance drug prices ...
Large imports of pharmaceutical bulks soaring this month
The Korean Pharmaceutical Traders Association says that there are the steady increases in the number of import applications for pharmaceutical bulks, influenced by the oncoming implementation of drug-related regulatio...
NHI pricing for duplicate drugs to apply diminishing system.
When determining the NHI price for any drug that was duplicated with the first comer, it shall apply with so called diminishing system, which means setting the NHI price by 80% level out of its original drug.
The H...
Unused stocks to return at purchased prices.
All unused stocks kept in the shelves of pharmacies will be returned to the suppliers from July for 3 months at purchased prices so that pharmacies may not get any business losses from the returned stocks.
The Kore...
Marine biological resources to be future bio-engineering bonanza.
The bio-engineering for marine products appears to be the most attractive and competitive technology in the BT market for the next generation. However, the current situation in this area shows very vulnerable technolo...
A sense of alienation prevailing in foreign invested pharmaceutical firms
Business sources say that there is the mounting discontent within foreign invested pharmaceutical firms over the government's drug-related policies, since they have a sense of alienation in the recent process of draft...
Product liability law emerging as a hot issue in health foods industry
Choi Sung-rak, manager of the Korea Food and Drug Administration, explained at a recent orientation session for 200 representatives of domestic health foods manufacturing firms his reports, citing various cases of pro...
Drug distribution reform in wholesaling business is urgently needed
Pharmaceutical business sources say that the increasing number of new wholesalers are chiefly involved in their irregular activities due to the government's less strict policy on drug distribution reform.
A regiona...
NHIC labour union declared temporary suspension of strikes.
The NHIC labor union decided temporarily to stop their strike and return to the daily jobs in the light of accomplishing successful world-cup soccer event.
The Union took strikes from May 27 demonstrating against t...
