News About: Pharm. Industry
KPMA picks Daewoong’s Lee as new committee chairman
Korea Pharmaceutical Manufacturers Association picked Lee Jong-wook, CEO of Daewoong Pharm, as its first chairman of the newly created committee consisting of 43 innovative pharmaceutical firms during a meeting on Wed...
Drug makers mull exit from cutthroat generic Viagra market
Several drug firms producing Viagra generics are seriously considering withdrawing the erectile dysfunction market following fruitless attempts to stay afloat in the market dominated by the forerunners and other leadi...
Ildong fined for illegal kickbacks
Ildong Pharmaceutical were found to have spent more than 16 billion won in rebates to doctors or pharmacists who prescribed their 33 products, an illegal practice that drives up costs to patients, the antitrust regula...
KPIC to be merged with Hyangnam pharmaceutical cooperative
The Korea Pharmaceutical Industry Cooperative (KPIC) will be merged with a pharmaceutical cooperative located at Hyangnam complex, Gyunggi Province.
“The detailed merger plan will be finalized during the oncoming b...
Anti-diabetic market getting heated
Competition is about to heat up in the domestic anti-diabetic market, as more and more new medicines for diabetes are lining up side by side with dominant imported drugs, such as Januvia, Galvus, Trajenta and Onglyza....
Ilyang to export two homegrown medicines to Turkey
Ilyang Pharmaceutical has agreed to export its homegrown drugs, Noltec (ilaprazole) and Supect (rodotinib) to a Turkish firm.
Ilaprazole is a new investigational proton pump inhibitor (PPI), and Supect is believed ...
Government to select innovative pharmaceutical firms
The Ministry of Health and Welfare said Monday it will soon begin a screening work to designate additional innovative drug firms this year as its revised criteria were established.
The ministry will offer a total o...
Government mulls state pharmaceutical company
The government is considering the creation of a state-owned pharmaceutical company to provide cheaper orphan drugs to patients, National Health Insurance Corporation (NHIC) President Kim Jong-dae said at the National ...
Korean women active in pharmaceutical firms
The number of female employees in pharmaceutical companies has been remarkably rising over the past three years, a poll showed Thursday.
According to the survey of 11 domestic and foreign drug companies conducted b...
Ildong Pharmaceutical forges strategic tie-up with Bayer
Ildong Pharmaceutical, Korea’s leading drug manufacturer, said yesterday that it has established a marketing and distribution partnership with Bayer Korea.
Under the deal, Ildong will be in charge of co-marketing ...
