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Series of rebate incidents change large hospitals’ purchase methods on drugs
Impacted by recent rebate incidents, large hospitals in Busan are changing their drug purchasing process.
When it comes to Busan Medical Center which one of its doctors were arrested for acceptance of hundred million...
Exports of new drug technology generated KRW 8.6 trillion for past 4 years
There were the total 28 cases of new drug technology export in the Korean health technology and pharmaceutical industries for the past 4 years, which achieved a performance worth of KRW 8.6 trillion for royalties. Mor...
Shire Korea establishes genetic disorder department
Shire Korea(CEO Hee-Seok Moon) announced to establish a genetic disorder department and start a genetic disorder treatment business in Korea on January 1 2017.
Shire Korea is expected to develop and supply innovative...
Pregnancy testers available in convenient stores and regular shops
Pregnancy tests which has only been sold in pharmacies and medical device stores will be available in convenient stores and regular shops from now on.
The Ministry of Food and Drug Safety announced a part of the revi...
Difficulties over ‘generics’ being pushed in distribution companies
The pharmaceutical distribution industry is having difficulties due to pharmaceutical companies which repeatedly push new generics into distribution agencies.
According to the industry, whenever a new generic market ...
‘Medicine vending machine’ passes Cabinet meeting
The amendment to the Pharmaceutical Affairs Law to implement medicine vending machines.
The government, on the 13th, decided the amendment which permits selling medicines using medicine vending machines at the Cabin...
Hanmi apologies while prosecution arrests 4 employees taking unfair advantages from stockOn the 13th, the prosecution which has investigated the Hanmi Pharm’s ‘closed information use’ incident for about 2 months announced it exposed 45 people who took unfair advanta...
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Listed cosmetics pharmas records KRW 16.9 billion net profits on average
In the 3rd quarter of the year, the 22 listed cosmetics companies’ average net profits were KRW 16.9 billion increased by 18.4% from same quarter of the last year. However, it was decreased by 14.7% from the last quar...
15 professional CEOs in listed pharmas will complete term in office next year
Professional managers in 5 companies, such as Jeil Pharmaceutical CEO Seok-Jae Sung and Ildong Holding CEO Yeon-Jin Jung, will complete their term in office on March next year.
According to the Yakup Shinmoon’s(www.y...
“Trump’s pharmaceutical policies have too many uncertain aspects and will not bring immediate impacts”
President-elect Donald Trump’s policies may bring positive impacts on Korean biosimilars’ entry to overseas markets, but an anticipation was made that it will not significantly influence the pharmaceutical market, yet...
