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WA Cope Strongly with Multinational Companies Having Low Margin Policy

The wholesaler have decided to meet on grounds of association with multinational pharmaceutical companies including Korea Pfizer, which are being criticized for their low margin sales strategy. The wholesaler asso...

Increased Specialization and Centralization Trend in Pharmaceutical Industry

Following the completion of Korea Green Cross Corp.'s corporation division restructuring last year, Chong Kun Dang Corp. separated its Raw Material Manufacturing segment this month and is scheduled to establish an ind...

Excessive Prescription Restrained by means of Expanded General Medicine

The Ministry of Health and Welfare has announced that excessive prescription has been restrained because general medicine was excluded from insurance, and that in the case of light diseases if patients purchased relat...

Health Food Supplement Industry is Sensitive to the Introduction of PL Act.

The Health Food Supplement Industry is paying close attention to the enforcement of the Product Liability Act, which is scheduled to be implemented on July 1, 2002, by preparing countermeasures. The Product Liabil...

Bio-Venture Firms Make Full-Scale Inroads into the European Market.

Venture firms suffering from financial difficulties are seeking a survival strategy by making inroads into the European market. The Korean Bio-Venture Association will hold an opening ceremony for its European offi...

Rigid Enforcement of Regulations Regarding Outdoor Pharmacy Billboards

Supervision of outdoor pharmacy billboards is being reinforced rigidly. The Seoul City Government has announced that they would reinforce the inspection of illegal outdoor pharmacy billboards rigidly by expanding ...

Drugs without bio-equivalency proof to exit from markets.

Effective from Nov. this year under the new MOHW provision, the NHI reimbursement plan will not be applicable for the drugs that were not proven with their bio-equivalency. This may give a serious impact to the drug i...

Basic research for new drugs needs government subsidy.

The government subsidy over the pharmaceutical industry has supported more to commercialization of new products rather than the R&D for a new drug discovery without consideration of the national pharmaceutical technol...

Analgesic/anti-inflammatory drugs market most attractive.

After the medical reform program the drug industry showed the most attractive market interests in the analgesic and anti-inflammatory drugs. During the 3rd quarter of this year 16 analgesic and anti-inflammatory drugs...

Urgent Need to Introduce Dispensation Inspection System Within Pharmacy

The Pharmacy Association has pointed out that a Dispensation Inspection System within pharmacies should be introduced immediately to prevent wrong dispensation of medicine. According to the Pharmacy Association, th...

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