News About: Pharm. Industry
Multinational drug firms take initiative in social contributions
In the face of mounting criticism that they are not meeting their corporate social responsibility (CSR) obligations in Korea, more foreign businesses here are striving to showcase their social contributions through a ...
Biz group calls for Park to support domestic pharmaceutical sector
The Korea Pharmaceutical Manufacturers Association (KPMA) called on President-elect Park Geun-hye to provide them with more practical and realistic support, demanding the cancellation of the current system to offer in...
Drug firms go all-out for sales boost
Desperate to meet their annual sales target, Korean drug firm are rushing to provide more favorable transaction conditions for wholesalers.
Some companies have pushed wholesalers to place more drug orders, while al...
Small wholesalers struggling to boost bottom lines
Small and medium-sized wholesalers are finding it increasingly difficult to boost their bottom line amid drug makers’ demand for more collateral.
They complain that some drug companies ask for a bank’s letter of gu...
Korea to support innovative drug firms
The government plans to nurture 43 innovative drug firms which were selected in June.
Under the arrangement presented by the Ministry of Health and Welfare, various benefits including tax deduction and financial su...
Sales of Viagra tumble due to generic drugs
Sales of the anti-impotence drug Viagra in Korea have nearly halved in five months since 30-odd local generic drugs entered the market, industry data showed Tuesday.
The data showed that the sales of Viagra dropped...
Wholesalers in dilemma over drug makers’ operation of online drug shopping malls
Drug wholesalers are now in a dilemma over what stance it should take as Daewoong Pharm and Hanmi Pharm are strengthening their position in the domestic online drug shopping malls to boost their sales.
Wholesalers ...
BMS Korea, Boryung co-market Baraclude in Korea
BMS Korea, a Korean branch of Bristol-Myers Squibb, and Boryung Pharm announced last Friday that the two companies have signed an agreement to co-promote Baraclude (entecavir) in Korea from next January.
Baraclude ...
Drug makers alert over Teva’s advancement in domestic market
Handok Pharm announced Monday that it decided to establish a joint venture with Teva Pharmaceutical Industries, the world’s largest generic manufacturer, raising a concern in the industry.
Market officials said tha...
Title of innovative pharmaceutical firms to be cancelled
Some companies are now at risk of losing their “innovative pharmaceutical firm” status.
The government in June this year had selected 43 pharmaceutical companies, including Dong-A Pharm, to spearhead growth and tr...
