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Government announced policy to encourage new drug development, and they emphasized to promote CRO

Last year, the government announced policy to encourage new drug development, and as a part of policy, they emphasized to promote CRO (Contract Research Organization). The scale of CRO world market is about $ 21.5 bil...

Celltrion announced that they suspended share sale of the company

On July 2, Celltrion announced that they suspended share sale of the company conducted by Celltrion Holdings. According to the Celltrion, the largest shareholder decided to suspend share sale because they judged that...

It was identified that the percentage of female executives in listed pharmaceutical companies is a mere 5%

According to the executive status analysis (including both registered and nonregistered executives) of 63 KOSPI and KOSDAQ listed pharmaceutical companies as of March 2014, it was identified that the percentage of fem...

There is a lot of resistance of pharmaceutical society against 'Incentive system for reducing pharmaceutical cost'

There is a lot of resistance of pharmaceutical society against 'Incentive system for reducing pharmaceutical cost' which is following countermeasure of Market based actual transaction price. Existing Market based act...

Sales right of medicines are moving around

Sales right of medicines are moving around. According to related industry, the sales right of 'Medifoam' moved from original developer Genewel to MundiPharma Korea again. The leader in prescription drug market 'Barac...

It is expected that the need of CSO will increase in the medium and long term

CSO (Contract Sales Organization) industry missed that CSO is reflected as a route of illegal kickback, but expected that the need of CSO will increase in the medium and long term. An executive of foreign-affiliated ...

Korea Pharmaceutical Manufacturers Association is planning to collect and disclose cases regard to unfair business practices of multinational pharmaceutical companies

It was known that Korea Pharmaceutical Manufacturers Association is planning to collect and disclose cases regard to unfair business practices in order to press multinational pharmaceutical companies which ignore requ...

The current stock status of KOSPI and KOSDAQ listed pharmaceutical companies over the last six months increased by an average of 7.4%

According to the current stock status of KOSPI and KOSDAQ listed pharmaceutical companies over the last six months, it was increased by an average of 7.4%. 43 of 62 surveyed companies (including holding companies, exc...

Illegal kickback Two-strike out system is being implemented and salespeople say this is more preferable

Illegal kickback Two-strike out system is being implemented. Salespeople say this is more preferable. A number of pharmaceutical companies declared a clean business and CP (Compliance Program), and are proclaiming a ...

Ahngook Pharmaceutical announced that they proceed with sales of 'Airflusal Forspiro' with Sandoz Korea

Ahngook Pharmaceutical announced that they proceed with sales of 'Airflusal Forspiro' with Sandoz Korea starting from July 1. 'Airflusal Forspiro' is a generic drug of Ceretide like Fluterol of Hanmi Pharmaceutical. T...

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