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Daewoong Pharm to contemplate split off

Daewoong Pharm says that based on the report of Samil Accounting Corporation, it is now contemplating a split off plan to be finalized next month, in a bid to cope with the rapidly changing market environment and prom...

Natural crude drugs to permit clinical study after commercial release

To boost a new natural crude drug development, the KFDA is now preparing a draft reflecting the promotional policy and going to announce it in public around the coming May, which contains special privileges with permi...

Charges for all dispensing activities in hospital needs to be newly established

Rhu Shi-won, a researcher of Korea Institute for Health and Social Affairs, emphasized at a recent orientation session for representatives of drug dispensing departments in hospitals the proper compensation system for...

KPA to promote a new standard transaction agreement

The Korean Pharmaceutical Association (KPA) says the new standard transaction agreement designed to ameliorate a number of unfair transactions will be effected from next month, in a bid to promote more fair transactio...

GSK and Gilead Sciences to execute a strategic license agreement for antiviral agentr

GlaxoSmithKline says that it signed with Gilead Sciences a strategic license agreement for the commercialization of antiviral agent (adefovir dipivoxil). Adefovir dipivoxil tablet (10mg once daily) for the treatment o...

Hospital relied pharmacies faced management difficulties.

After the launch of the medical and pharmacy role separation system quite a number of pharmacy located near hospitals are suffering from the management difficulties. According to the retail pharmacy circles, some p...

OECD appraised NHI and medical reform programs.

The OECD evaluated the Korea NHI and current medical reform program and expressed their assessment that the use of expensive drugs after the reform program showed a remarkable increase, causing medical expenditure up ...

PL related safety standards to be reformed

The Korea Food and Administration (KFDA) has announced it will ameliorate a series of drug related safety standards to better cope with the product liability (PL) to be implemented from this July 1. To this end, a...

Graft offering and reception culture intended for doctors rampant in foreign invested firm

In the recent survey of it own members on the fair competition released by the Korea Research Based Pharmaceutical Industry Association (KRPIA), 42 medical representatives of foreign invested firms has disclosed that ...

Domestic market for children health foods will mark 100 billion won this year

Pharmaceutical business sources say that thanks much to incessant launching of new products and fierce competitions among drug firms and large health foods makers using various distribution channels, the domestic mark...

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