News About: Pharm. Industry
Drug makers threaten to take legal complaint against health ministry
So far, the pharmaceutical industry has raised their voice against the government’s plan to cut generic drug prices by up to 14 percent starting next year.
The Ministry of Health and Welfare unveiled a plan to cut ...
Wholesaler gets ISO certificate
Poongwon Partners, a local wholesaler, said Thursday it has received ISO certification for quality and environmental management system for recognition of its transparent management through renovation.
Poongwho, loc...
Business plan, headache for multinational firms
Reflecting increasing uncertainty due to the government’s pressure to slash drug prices, multinational drug firms in Korea are delaying the formulation of their business plans for next year.
At this time of the ye...
SK unveils Mvix-S oral disintegrating film 50 mg
SK Chemicals Life Sciences said today it launched a new fast dissolving oral strip of Mvix-S 50 mg (mirodenafil) because it is convenient to administer and easily portable during trip.
According the company, the or...
Restructuring program to sweep pharmaceutical industry
Several Korean drug companies plan to carry out a mass-scale restructuring program to cut the size of its manpower amid mounting uncertainty due to the government’s pressure to cut drug prices, the Federation of Korea...
Government urged to devise post-KORUS FTA steps
The government needs to assess the damage that its free trade deal with the U.S. would cause in pharmaceutical sector in the future and map out proper countermeasures, industry official said.
The ruling Grand natio...
Pharmaceutical firms in dilemma over product restructuring
A majority of local drug makers are in dilemma over the plan to sort out unprofitable products ahead of the government’s large drug price cuts starting next April.
According to industry officials, total 20 percent ...
Boryung sells 160 million packs of Gelfos
Boryung Pharmaceutical said its Gelfos (aluminum phosphate) exceeded 160 million packs in the domestic antacid market over the past 36 years, amounting to 1.2 trillion won.
Gelfos, which stands for gel and force, i...
Pharmaceutical industry in transition
The local pharmaceutical industry is undergoing a major transformation ahead with the new Korea-U.S. Free Trade Agreement poised to strengthen patent rights for U.S. drug giants coupled with the government’s drug pric...
Most smaller pharmaceutical companies still sweating over 2012 business plan
A majority of small- and medium-sized Korean drug firms are still struggling to finalize their business plans for the new year, according to pharmaceutical business sources.
The government’s large drug price cut p...
