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Handok signs agreement to export Ketotop to Singapore and Malaysia with Zuellig

Handok(Chairman Young-Jin Kim) signed a KRW 10 billion agreement to export the patch-type arthritis treatment ‘Ketotop(generic name: ketoprofen)’ to Singapore and Malaysia with the leading distribution company for hea...

MOHW announces will to improve drug pricing system and extend support in R&D

On the 22nd, Vice Minister Moon-Gyu Bang of Health and Welfare visited the Yuhan Corporation Laboratory, and announced a will to expand the support on R&D for continuous improvement on the drug price system and develo...

BiocurePharm about to release biosimilar for macular degeneration, waiting for patent expiration

From the year of 2018, the price of macular degeneration treatments will significantly drop. This is because the patent of ranibizumab, the main substance of a treatment for macular degeneration, will be expiring in 2...

Obligation to wear name tag for doctors and nurses from March next year

A bill to obligate medical personnel to wear a name tag will be considered. The Ministry of Health and Welfare(MOHW) gave a pre-announcement of an amendment to the Medical Law, which chiefs of medical institute obli...

Pharmas worrying whether to unveil successful outcomes in this political situation

“Should we, or shouldn’t we…” Pharmaceutical companies have a concern lately. It is whether they should announce successful outcomes, which were created by R&D with great ef forts and challenges to the global market,...

Outsourced research for ‘extension of household products’ to be completed soon

The outsourced research for extension of emergency household drugs in convenient stores will be completed this November as expected. According to the Ministry of Health and Welfare(MOHW), the research is expected to ...

CMG Pharm records highest growth rate of exports among listed pharmas

This year’s overseas sales/export growth rate of KOSDAQ listed pharmaceutical companies was 4 times higher than the one of KOSPI listed pharmaceutical companies. According to the Yakup Shinmoon’s(www.yakup.com) analy...

Concerns about bankruptcy of newly-founded pharmaceutical distribution companies

Since the number of pharmaceutical distribution companies increases recently, an expectation was made that there is a high chance for a lot of them to go bankruptcy in a series. About 20 small and medium wholesalers ...

Handok strengthens partnership with Alexion through renewal and new agreements

On the 17th, Handok(Chairman Young-Jin Kim) and U.S. Alexion Pharmaceuticals(CEO David L. Hallal) renewed the agreement of Soliris and signed a Korean sales agreement of rare disease therapies, ‘Strensiq’ and ‘Kanuma,...

MFDS, “We are considering to raise funds to lessen price burden for anticancer drugs”

The Ministry of Health and Welfare(MOHW) is reviewing to raise extra funds to increase accessibility for anticancer drugs. On the 17th, Hyung-Woo Ko, a pharmaceutical benefits director of the MOHW, announced the mini...

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