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THAAD crisis soon to be resolved in cosmetic industry

Even though there was a high expectation for the congestion created by the THAAD issue to be resolved this year, the downtrend continued even in the 1st quarter. A number of Korean cosmetic companies received report c...

Olympics for biochemists will be held on 7 June in Seoul

2018 International Union of Biochemistry and Molecular Biology(IUBMB) Congress, also known as Olympics for biochemists, will be held at Seoul COEX on 7 June. For this event held first time in Seoul, about 5,000 scien...

Orphan drug designation rules to be largely revised for rapid development

In order to enlarge therapy options for rare or incurable disease patients, regulations about designation of orphan drugs will be modified. The Ministry of Food and Drug Safety(MFDS) pre-announced the partial revisio...

Total 1,603 products selected for differential application of small-packaging supply

Total 1,603 products were selected as products that would be differentially applied under the drug small-packaging standards for this year. The Ministry of Food and Drug Safety(MFDS) notified the products for the dif...

Pharmaceutical pharmas in progress of acquiring ISO37001

Pharmaceutical companies are accelerating for ethical management. They are clearly carving ‘ISO37001(Anti-Bribery Management Systems),’ which is a great way to show a strong will to eradicate illegal rebates, into the...

How listed pharmaceutical companies spent for R&D expenses?

In the 1st quarter of this year, KOSPI listed pharmaceutical companies have spent twice more into R&D than what KOSDAQ listed pharmaceutical companies spent. Yakup Shinmoon(www.yakup.com) analyzed R&D expenses that 3...

85.1% of the elderly are taking medications for more than 3 months

85% of the elderly are reportedly taking medications including both prescription and common ones for more than 2 months. Also, the most 38.9% of the elderly were taking more than 5 medications. According to the ‘201...

Korean pharmas developed 9 products of 8 types biosimilars like Remsima

It was reported 9 biologic products of 8 types were developed by Korean pharmaceutical companies, such as Celltrion with the rheumatoid arthritis therapy ‘Remsima Inj.’ According to the Ministry of Food and Drug Safe...

MOHW to focus on new drug development using AI, such as smart center for clinical studies

The Ministry of Health and Welfare said they are focusing on projects in regards to the government’s new drug development policy, such as utilization of artificial intelligence, smart centers for clinical studies and ...

7 of 10 medicinal drugs approved this year were generics

7 of 10 medicinal drugs approved this year were reportedly generic drugs referencing originators. According to the Ministry of Food and Drug Safety Online Drug Library, 144 ETC drugs and 46 OTC drugs totaling 190 pro...

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