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An orphan drug 'Jakavi' has got through the barrier of the insurance benefit

‘Jakavi’, which is sincerelywanted by myelofibrosis patients, has finally got throughthe barrier of the insurance benefit evaluation. Jakavi approved in January 2013was revaluated asa non-insurance benefit product bo...

The Korea Pharmaceutical Manufacturer Association will impose ‘severe disciplinary action’ on companies providing rebates for a large number of drugs with expired patents

Advancing on adoption of ethical management into pharmaceutical companies, the Korea Pharmaceutical Manufacturer Association (KPMA) showed aggressive attitude towards rebates. While concerns of rebate temptation for ...

The pharmaceutical distribution industry changed the atmosphere from strikes to ‘armistice’

It is observed that the pharmaceutical distribution industry and multinational pharmaceutical companies are in a state of armistice for a war dealing with distribution cost. The pharmaceutical distribution industry, ...

Daily activity cost of a pharmaceutical salesperson is between KRW 25,000 and KRW 30,000

It is observed that daily activity costs given to a salesperson in a pharmaceutical company is between KRW 25,000 and KRW 30,000 in average. The blog called ‘Pharmaceutical Sales Blog’, operated by a pharmaceutical s...

Will the launch of ‘Giotrif’ change the dynamics of the Korean cancer treatment market?

Intense attention has been focused on ‘Giotrif’ calling itself the irreversible ErbB Family Blocker. Boehringer Ingelheim Korea held a press conference to celebrate the launch of insurance benefit for EGFR (Epidermal...

122 expired cases of pharmaceutical product patent in 2014

It is known that the total 122 product patents will be expired by 2014. According to the information about product patents scheduled to be expired, given by the Korean Intellectual Property Office, 122 pharmaceutical...

The government will allow pharmaceutical distribution companies to consign narcotic drugs

The narcotics consignment prohibition, which had caused difficulties for pharmaceutical distribution companies dealing with narcotic drugs, will be revised on the 4th. According to the Korea Pharmaceutical Distributi...

Decreases in earning rates of pharmaceutical companies are blamed on the ‘Rebate Two Out System’ and the Compliance Program

It has been observed that the earning rates of the top pharmaceutical companies have been decreased. According to the pharmaceutical industry, the phenomena was explained through passivity on marketing activities due...

The pharmaceutical industry’s friendliness to get closer with the public

The pharmaceutical industry’s efforts to come closer to the public have been noticed. Friendliness and interactions have been shown to the public. Active communication has been made in different measures, such as del...

Charges for the Nagoya Protocol on the pharmaceutical industry will easily exceed 100 billion

As the Nagoya Protocol has taken effect, it is expected that charges to use genetic resources in the biopharmaceutical industry will reach from KRW 70 billion to KRW 98 billion. The Ministry of Food and Drug held the...

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