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The ‘cold’ atmosphere of job cuts among multinational pharmaceutical companies

As staff cuts among multinational pharmaceutical companies have been commonly noticed recently, salesmen in the companies have shown anxiety. According to the industry on the 28th, as an American company has promoted...

Pharmaceutical companies stated “We can’t take the incident serious enough”-tightened pressure on wholesale companies

As the pharmaceutical wholesale company, YDP Pharm, liquidated its own business, atmosphere in the pharmaceutical distribution business has been depressed while pharmaceutical companies raised pressure on wholesalers....

Hanmi Pharmaceutical secureda patent for an inhalation asthma and COPD treatment ‘Fluterol’

Hanmi Pharmaceutical (executive director Kwan-soon Lee)made a public announcement aboutacquisition of domestic patent on the self-developed inhalation asthma and COPD treatment ...

Among 1,000 pharmaceuticalproducts in Korea, 74% has the lowest price in OECD countries

There are about 1,000 pharmaceutical products of multinational pharmaceutical companies in the Korean market, and the average drug price in Korea is 44.4% cheaper than the average of what OECD countries have. The Kor...

Demonstrative insurance benefit for telemedicine will take place from KRW 9,900 to KRW 38,000

The government will adoptdemonstrative insurance benefit in medical institutions participating in the telemedicine project. The Ministry of Health and Welfare announced on the 26th that the ministryis going to adopt ...

The top 3 domestic contrast media are cruising in the foreign markets

It is shown that the Korean contrast medium manufacturers are cruising to expand in the foreign markets. There are 3 pharmaceutical companies with 3 contrast medialeading in the field: Dongkook Pharmaceutical with Pa...

The exit of YDP Pharm with 40 years of history

YDPPharm(former Yeongdeungpo Pharm), a pharmaceutical wholesale company with 40 years of history, decided to liquidate its business due to financial difficulties. Thus, the two...

The expansion of the pharmaceutical market since the FTA

Although the size of the pharmaceutical industry has been expanded since the FTA, it is observed that a trade balance still recordeda deficit. The Korea Health Industry Development Institute (KHIDI) expressed through...

Generic products having at most 15% lower price than the originals

Pharmaceutical companies’ strategies to register prices of generic products lower than the originals seem to settle in the pharmaceutical industry. Among the 10 newly registered products on the 1stof the next month, o...

Due to the relaxation on restrictions, health supplement companies are expanding to convenient stores

The 2012 sale rights of convenient stores to sell household medicines has been a shocking news for pharmacists not only because of existenceof stores selling pharmaceutical products, but as convenient stores now can r...

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