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JW Holdings sells its Seocho building for KRW 148 billion

JW Holdings will sell JW Tower in Seocho-dong. JW Holdings announced on the 20th that the company’s affiliated company ‘KVG 2’ decided to sell its Seocho-dong building to ‘KORAMCO Fund.’ The sales price is KRW 148 b...

Korea Otsuka Pharmaceutical decided as the world’s first ‘Digital Medicine’ manufacturing site

Korea Otsuka Pharmaceutical was selected as the world’s first ‘Digital Medicine’ manufacturing facility. According to Korea Otsuka Pharmaceutical on the 21st, the Korea Otsuka Pharmaceutical Hyangnam Factory was deci...

When the distribution industry will be able to balance payments with pharmas for drug price cuts?

While the government has continue to show a mood to cut drug prices, the issue with balancing accounts has shown no sign to be addressed. According to the pharmaceutical distribution industry, pharmaceutical companie...

Korea will be inspected onsite for EU White List

Korea is expected to be listed in the EU White List next year at the earliest. The Ministry of Food and Drug Safety(MFDS) has carried out registration to the EU White List to enlarge the scope of Korean active pharma...

Celltrion Healthcare to sell ‘Herzuma’ in 7 European countries

Celltrion Healthcare is expanding the number of countries to sell ‘Herzuma(generic name: trastuzumab),’ an antibody biosimilar for the treatment of breast cancer and stomach cancer. Celltrion Healthcare launched ‘Her...

Kyung Nam Pharm accepts court’s rejection of the largest shareholder’s Request for Preliminary Injunction against New Stock Issuance

As the Request for Preliminary Injunction against New Stock Issuance filed by the largest stockholder Mr. Hee-Cheol Lee against Kyung Nam Pharm, the Kyung Nam Pharm’s conflict between the company and the largest stock...

MFDS extends the scope of subject to CTD when applying for approval

It will be obligated to fill out the Common Technical Document(CTD) even for drugs with special dosage forms, such as immediate release and transdermal drugs, when applying for product approval. Drug Standard Manager...

Daewoong Pharmaceutical and Medytox focusing on taking superiority in global market aside from the legal suit

Having conflicts over the botulinum toxin strain issue, Daewoong Pharmaceutical and Medytox are going on a new direction. Thinking ‘taking a step backward is losing; so far, they have taken a ‘truth or dare’ game wit...

Right to renew leasing contact from 5 years to 10 years, applicable for private pharmacy owners

A bill was proposed to protect tenants by extending the right to renew leasing contact to 10 years and operating the Leasing Conflict Mediation Committee. Once the bill passes, pharmacists running their own pharmacy ...

“KEF must stop pursuing for-profit hospitals, telemedicine and extension of OTC drugs”

A voice was raised to criticize about telemedicine and extension of OTC drug sales(energization of drug stores) that was recently commented to the Ministry of Strategy and Finance at the Korea Employees Federation. O...

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