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“Korea biosimilars are very successful, but manufacturers still need to work on dependency”

“Korean biosimilar manufacturers must raise dependent capability for them not to rely on foreign partners in a long-term. In order to do so, they must fully understand the global market and have enough investments.” ...

SK Chemicals applies for sales approval of dementia treatment from US FDA

A SK Chemicals’ patch-type dementia treatment will knock on the door of the U.S. market. SK Chemicals(CEO Man-hoon Park) announced it completed application of the sales approva...

Price dualization for cervical cancer vaccines will be decided in April

The selection of price dualization for cervical cancer vaccines, which was planned to be finished by March, has been delayed to April. On the 31st, the Korea Centers for Disease Control and Prevention(KCDC) announce...

“Japanese ‘adverse reactions of cervical cancer vaccines’ have no base”

The Korean Society of Obstetrics and Gynecology and the Korean Society of Gynecologic Oncology has recently announced the recently arguments proposed by some Japanese women about cervical cancer vaccines(HPV vaccines)...

Listed pharmaceutical companies’ annual salary for internal directors

Listed pharmaceutical companies’ internal directors were observed to receive KRW 279 million annual salaries on average last year. According to the ‘2015 Annual Salary of Internal Directors’ data based on business r...

‘Global rebates’ made by a multinational pharmaceutical company

A multinational pharmaceutical company which recently had seizure and search from the investigation authorities under suspicion of illegal rebate provision has brought disgrace on itself. This is because it has arous...

7 pharmaceutical companies to spend more than KRW 50 billion into R&D

Among listed pharmaceutical companies, there were 7 companies which invested more than KRW 50 billion into R&D expenses last year, including Hanmi Pharm and Green Cross. Moreover, although many companies seem to acti...

Prime Minister Hwang, “Government will actively support the bio-healthcare industry.”

In order for the biotechnology industry to develop, a government’s special committee is expected to be established. Prime Minister Gyo-ahn Hwang announced aggressive preparation of supporting measures towards the bi...

Pharmaceutical industry’s ethical management spread reduces hospitality expenses

In addition to the spread of ethical management in the pharmaceutical industry, expenses for hospitality-related expenses were observed to decrease. According to the Yakup Shinmoon’s analysis result of 2015 audit re...

Reasons why Boehringer VP visited Korea

Vice President Gerd Stehle at the tumor department of Boehringer Ingelheim visited Korea. Why? The primary reason is to attend the global press conference in Seoul on the 30th....

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