News About: Pharm. Industry
Dong-A to release Bacchus-F
Ending weeks of silence over whether it would provide Bacchus to retailers, Dong-A Pharmaceutical, the nation’s No. 1 pharmaceutical company, finally announced that it would revive the production of Bacchus-F - discon...
Allergan Korea names new CEO
Allergan Korea said it has named Stephene Nardo, Allergan’s ex-general manager of pharmaceutical marketing in Asia-Pacific region, to replace Patrick Holt, as of August 16.
Nardo served as director of GlaxoSmithKli...
Korean drug firms gear up for domestic competitiveness
Korean pharmaceutical companies are trying hard to improve their local competitiveness, though their efforts are due to the government’s plan to cut drug prices that are expected to fall about 17 percent on average be...
Looming revenue drop is changing the economics of pharmaceutical industry
Multinational pharmaceutical firms will face a bumpy road in Korea as the patents on their blockbusters, which were filed years before the drugs went on sale, last for 20 years at most, and many expire soon.
The Fa...
Wholesalers slam multinational firms for bribery scandal
Domestic pharmaceutical wholesalers have accused several large foreign companies over the past several months of illicit drug marketing and other activities to boost drug sales.
They accused multinational companies...
Could partnership be new destination for Korean firms?
Dong-A Pharmaceutical, Korea’s largest drug manufacturer, said last month that it has established a marketing and distribution partnership with Bayer Korea.
The Korean company said that the partnership can lower co...
Six drug makers fined for illegal rebates
The Fair Trade Commission (FTC) said Sunday that it has fined five multinational companies and one local firm a total of 11 billion won for illegal kickbacks.
The six companies are Janssen Korea, Sanofi-Aventis Kor...
Multinational firms embroiled in bribery scandal
Five multinational companies and one local firm have been criticized for having provided illegal kickbacks to doctors in exchange for prescribing his products, while they have so far claimed the ethics management.
...
Illegal kickbacks corner drug makers
The Ministry of Health and Welfare confirmed a major shake-up in the pharmaceutical sector on August 12 that will result in average drug price cuts of 17 percent starting in 2012.
Drug makers estimate the measures ...
Leading drugmakers rushing to increase subsidiaries
Korea’s major drug firms have increased their number of affiliates, an expansion that is feared will divert them from their core businesses and weaken their competitiveness.
According to the Ministry of Health and ...
