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Il-Yang Pharm Completes State-of-the-Art BGMP Factory for Inorganic Composition

On November 12, Il-Yang Pharm completed the construction of its BGMP factory for inorganic composition containing state-of-the-art facilities with a manufacturing capacity of 2,...

Establishment of overseas affiliates ever increasing trend.

A growing number of local drug companies are establishing their overseas affiliates and other joint venture companies associated with overseas corporations in order to develope world markets and export of patented tec...

Diminishing charge for drug administration fees enforced to launch from Dec.

Over the government's diminishing drug administration charge system, the government may encounter a serious confrontation against the pharmacist community. In the NHI review meeting Mr. Lee Young-min, the represent...

Bioventure Industry Increases Sales Outsourcing

More and more bioventure firms are outsourcing the sale of their internally developed products to distribution specialty companies or are establishing their own distribution companies. Bioventure firms try to divi...

Lee Sang-Ryong Appointed Director General of NHIC

Former Labor Minister Lee Sang-Ryong was named second director general of the National Health Insurance Corporation, and will immediately begin his tenure after being inaugurated on the 12th. The 67-year old Lee gr...

Herbal Medicine Majors in 3 Universities in Danger of Being Left Out

Students majoring in Herbal Medicine in Kyunghee, Woosuk and Wonkwang Universities who joined the strike and refused to attend classes, demanding an improvement in the Herbal Masters program, are facing the risk of be...

Large Corporations Accelerate Entry Into Bio-industry

Large corporations are accelerating their full-scale entry into the bio-industry. According to industry sources, companies such as LG, Samsung and SK, considered the biggest corporations in Korea, as well as Cheil...

Korea, US Activate Fund Raising by Private Sector and Government for Bio-venture

The decision by Korea and the United States to activate fund raising in the private and government sectors for bio-venture is expected to be help the Korean bio-engineering venture industry significantly. The Mini...

BT Industry Cooperation Between Korea and Scotland Is Strengthened

A delegation of 17 members including KPMA Chairman Kim Jeong-Suh and chief director Yu Seung-Pil as well as the president of the organization representing the Korean pharmaceutical industry will visit Scotland, an adv...

OTC wholesalers to go different way from ethical wholesalers.

The OTC drug wholesalers in Kyunggi province plans to set up "OTC drug wholesalers cooperative association" on Nov. 16 for the purpose of activating the OTC wholesales and protecting their business rights together wit...

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