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KFDA put 3.5 billion won for consolidated software of drug administration.

The KFDA plans to develope a consolidated computer network in connection with computerized drug authorization and administration, containing the standard, specification and assay of drugs, an administration program fo...

Health Minister reported massive slashes of drug prices to President.

Madam Kim Mo-im, Minister of the MOHW reported to the President on April 8 in the meeting for a national governance reform plan at the great conference room of the MOHW that according to the drug price survey conducte...

Drug industry opposes conversion of 24.17% margin to hospital compensation.

During the past 5 years the drug industry supplied drugs to hospital with 24.17% margins, which has been widely exercised in the hospital markets but the government regarded it as an unofficial deal. Accordingly, the ...

KFDA confirmed 27 study subjects of hormone interrupting chemicals.

The KFDA settled 27 study subjects in 1999 including monitoring research over hormone interrupting chemicals possibly released from herbal medicines and medical instruments made with poly molecular stuffs, which was b...

Tax invoice problems surfaced to drug distribution community.

After implementing the open price labelling system it was detected during the government pricing inspection that some retail and wholesale pharmacies violated provisions, selling drugs at far lower prices than purchas...

Overseas pharmaceutical sales information by nation and therapeutic category.

1. Sales by nation. Nation 98 sales(U$1Bil.) Market share (%) G/R(%) USA 99.5 39.6 +11 Japan 38.8 15.4 -1 German...

More pharmacy joined to pharmacy syndicate.

Recently number of pharmacy who joined to the pharmacy syndicate showed increasing trend, which seems for the retail pharmacy community to prepare a sort of counter measures to cope with forthcoming implementation of ...

Zuellig may launch distribution business to retail pharmacy market this year

A multinational drug distribution company, Zuellig, seems to launch their business into the retail pharmacy market some time this year, having a business target of achieving 15% market shares within 5 years. In the...

Hanil Pharm. Co. faces on critical edge of bankruptcy

The management control of Hanil Pharmaceutical company was transferred to Shin Dong-A group as a subsidiary in the general shareholder's meeting last year, but as of Apr. 2 this year the company was unable to pay the ...

Japanese bsuiness operation in Korean drug industry on ever expanding.

Japanese pharmaceutical corporations have engaged in their partial joint venture or licensing business with local business counterpartners, but from the latter part of 1990s they expanded their business management con...

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