News About: Pharm. Industry
Choi named Johnson & Johnson’s Global Baby Care presidentChoi Seung-hee, the incumbent president of Johnson & Johnson in North Asia, was appointed president of the company’s Global Baby Care Division.
Choi, 45, joined Johnson and J...
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Pharmaceutical stocks draw rare attention from foreigners
Pharmaceutical stocks have recently been drawing rare attention from foreign investors in the stock market, echoing their negative stance over investment in the industry, recent data showed.
According to the data o...
New drug pricing policy raises concerns
The government’s plan to implement its revised volume forecast plan for a drug starting next year has triggered concerns from the domestic pharmaceutical community.
Under the plan, drug manufacturers and the Natio...
New drug reform likely to have restrictive impacts to domestic pharmaceutical sector
The Ministry of Health and Welfare has recently announced a major overhaul of the national health insurance program to broaden coverage of expenses related to the so-called four major illnesses designated by the Park ...
Drugmakers seeking to keep transaction with financially stable wholesalers
Influenced by the recent figures that a growing number of small wholesalers are increasingly vulnerable to a credit crisis, local drug firms are reportedly in the process of selecting wholesalers with better financial...
CJ Pharma launches generic Olmetec
CJ Pharma on Monday announced the launch of its two therapeutic equivalent generic versions of Daiichi-Sankyo’s Olmetec – Olmeact (olmesartan medoxomil) and Olmeact Plus (olmesartan medoxomil/hydrochlorothiazide).
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Green Cross, CHA Bio & Diostech forge partnership
Green Cross Corp. announced Monday that it has inked a memorandum of understanding (MOU) with CHA Bio & Diostech, run by Cha University Hospital Group.
The partnership is expected to add steam to the Korean drug ma...
KBIO picks Hwang as new vice presidentThe Korea Biotechnology Industry Association (KBIO) picked an economic consultant Hwang Kwang-gu as its vice president of the board during a meeting last Wednesday.
Hwang gra...
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Dispute escalates over punishment of educational video producers
Controversy is growing over the court’s ruling over Dong-A Pharm’s agents at the end of this month.
The prosecution has demanded an 8-month jail term for two promotion agency presidents, who were involved in the pr...
Bayer Korea withdraws wholesaler profit margin cut plan
Bayer Korea has decided to withdraw its plan to slash the wholesaler margin over their products which will take effect from October, the Korea Pharmaceutical Wholesaler Association (KPWA) said last Friday.
In a mee...
