News About: Pharm. Industry
KPMA defies government over drug price cut
Vice chairman Kim Yeon-pan of the Korea Pharmaceutical Manufacturers Association declared an all-out struggle against the government’s scheme to squeeze the profits from generics.
The association is collecting sign...
Major firms forecast to suffer profit loss in third quarter
Major Korean pharmaceutical companies are likely to see their third-quarter operating profit worsen, buffeted by tough regulation and their difficulty in reducing promotional expenses, analysts said recently.
Accor...
Dong-A’s petition against drug price cut to be ruled next month
A local administrative court will make its ruling over a lawsuit against the Health Ministry to nullify the government's decision to cut Dong-A’s and Chong Kun Dang Pharmaceutical’s drug prices on November 17 and 18, ...
Controversy remains over ‘pay for delay’
A tactic used in some drug patent settlement cases is creating renewed controversy concerning so-called “pay for delay.”
The criticism is targeted at agreements in which a large pharmaceutical company pays a compet...
GSK denies reverse payment
GlaxoSmithKline has been fined for colluding with Dong-A Pharmaceutical to hinder the generic sale of its anti-emetic Zofran for the past 12 years, antitrust authorities said Sunday.
It is the first time that a mu...
Pharmaceutical sector to face restructuring in employment
The pharmaceutical industry is expected to undergo a serious downsizing next year as the government plans to defoam drug prices.
The Korea Pharmaceutical Manufacturers Association (KPMA) predicted that the governme...
Korean impotence drugs warming up
The domestic market of erectile dysfunction drugs is again gaining momentum with JW Pharmaceutical who sees opportunities in the field where competitors have been struggling.
JW Pharmaceutical rolled out its homeg...
Prosecutor’s forcible practice blamed for doctor’s suicide
The National Union of Korean Medical Doctors said Friday that improper probe by the prosecutor led to a doctor’s suicide.
The doctor, identified only as Kim, was found dead in his clinic, Thursday, according to the...
Drug wholesalers nervous of drug makers’ direct transaction with hospitals
The rumors that some pharmaceutical drug firms will seek to make a direct transaction with hospitals have triggered vehement protests from the domestic wholesaling community.
Local wholesalers have threatened to go...
JW Pharmaceutical releases new impotence drug
JW Pharmaceutical said Wednesday that it has launched Zepeed (avanafil), a new medication for the treatment of erectile dysfunction (ED).
Zepeed is a next-generation, highly selective oral phosphodiesterase type 5 ...
