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Alginic acid antacid products shows poor performance due to the price increase of Gaviscon and the struggle of similar products

Many antacid products of sodium alginate such as Gaviscon were released, but the sales decreased in the first half of this year. Especially, the sales of Gaviscon dropped by nearly half in the second quarter compared...

A Conflict between Pharmaceutical Distribution Industry and GSK Is Getting Out of Hand

A conflict between pharmaceutical distribution industry and GSK in respect to distribution cost is getting out of hand recently. Korea Pharmaceutical Distribution Association has decided to begin a relay of one-man p...

Domestic pharmaceutical companies Vaccine ‘Boom’ … 13 companies develop 35 items

Domestic pharmaceutical companies can make their own supply only in six areas of vaccine which include hepatitis B, Chickenpox, hemorrhagic fever with renal syndrome, and flu vaccine. However, it has been revealed tha...

Contrary to the prospect that the prescription market might contract due to two-strike out system of rebate, it was reported that the real performance was satisfactory

Regarding the report on the pharmaceutical industry trend released by Hana Daetoo Securities on September 30, Lee Al-Eum, researcher of Hana Daetoo Securities, said, “The most notable issue in the pharmaceutical indus...

Accumulated sales for the third quarter of Yuhan Corporation KRW 732 billion, Green Cross KRW 718 billion

The accumulated sales for the third quarter of major pharmaceutical companies expect to reach an amount which will grow by 7 to 8% that is the same as the first half. According to the analysis which was gathered data...

Atorvastatin was the best selling medicine last year

The best selling medicine last year turned out to be Atorvastatin, statin for hyperlipidemia treating. According to the report of the top 30 ingredients of health insurance claims in 2013, Atorvastatin recorded sales...

The wholesalers are outraged by the insincere attitude of GSK in the negotiation

The wholesalers of medical supplies are outraged by the insincere attitude of Glaxo Smith Kline (GSK) Korea in the negotiation. On September 29, the Pharmaceutical Development ...

Local pharmaceutical companies rushes into partnership with multinational companies

Co-promotion between local pharmaceutical companies and multinational pharmaceutical companies continues to be generated. There were 5 cases of 4 local pharmaceutical companies that entered into a partnership with a m...

Productivity of the pharmaceutical industry reduced by 31% prior to the reduction of medicine price policy

According to the Financial Supervisory Service (FSS), productivity per employee in first half of 2014 for the top 30 listed pharmaceutical companies was estimated to decrease by 31.6% compared to the same period in 20...

The total expense of health insurance reached KRW 50.9552 trillion last year which is 6.5% higher than the previous year

Per capita visit to medical institution in Korea is about 19.4 days a year.  The total amount of medical expense reached KRW 50.9552 trillion which is 6.5% higher than the same period last year. Insurance benefit expe...

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