News About: Pharm. Industry
Prices of 131 drugs to be reduced from October
The Ministry of Health and Welfare announced Thursday that the insurance prices of 131 medicines from seven drug makers will be reduced by 20 percent from October due to unlawful drug marketing activities.
The gove...
Biopharmaceutical symposium launched
The Korea Biopharmaceutical Association (KBA) said Thursday that it held a local symposium on Globalization of Biopharmaceuticals” to mark its founding anniversary on July 1.
A total of 42 member companies, includi...
48 medicines to be sold at supermarkets from Thursday
Forty-eight health products previously requiring prescription will be available at supermarkets and 24-hour convenience stores nationwide from Thursday, the Ministry of Health and Welfare said Wednesday.
The produc...
Korean drugmakers’ administrative expenses rate hovers at 36% on average
The domestic industry’s average marketing and administrative expenses rate over gross sales stand at 35.6 percent, reflecting little difference compared with that seen in multinational companies (32.7 percent), accord...
Sandoz Korea, CJ to co-market fentanyl patch
Sandoz Korea and CJ Cheil Jedang Wednesday announced that the two companies have signed an agreement to co-market fentanyl patch, which is used for relief of moderate to severe pain.
Approved by the Korea Food and ...
Green Cross signs MOU to export blood fraction plant technology to Thailand
Green Cross Corp. signed a memorandum of understanding Tuesday to export its plant technology for blood fraction products to Thailand, a company official said, a deal that will mark the first time for the country to e...
Dong-A drooling over future profits of Bacchus-D
Among the 48 medicines to be liberalized, the most popular is Bacchus-D, industry observers say.
Sales of Bacchus-D in 2010 were approximately 128 billion won, said its manufacturer, Dong-A Pharmaceutical, account...
Restriction-free OTC medicines displease drug makers
The deregulation of 48 over-the-counter (OTC) drugs as “quasi-drugs,” is seen as a much needed move for the domestic industry, but not everyone is going to benefit from it.
With a wider sales platform, pharmaceutic...
New Levitra dissolvable tablets go on sale
Bayer Healthcare has recently released a new dissolvable erectile dysfunction tablet called Levitra ODT (Orodispersible). This is a new type of pill that melts in mouth to treat male impotence.
“Patients will find...
Doctors, pharmacists likely to clash over drug reclassification
A turf war between pharmacists and doctors over who sells what drug is becoming fierce, ahead of a policy-setting meeting today.
Pharmacists, doctors and officials representing civic groups are scheduled to discuss...
