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Average annual increase rate of pharmacists was lowest compared to other health occupations
Among other types of health care providers, the increase rate of pharmacists was reportedly the lowest 1.2% for the past 6 years.
Also, 29,000 of total 34,000 pharmacists were working in pharmacies in 2016.
The Mini...
Dong-A’s ‘Twolion’ preoccupies market after Talion’s patent expiration
In the last year’s antihistamine market where Korean pharmaceutical companies are having fierce competition after the Talion’s patent expiration in Korea, Dong-A Pharm’s Twolion is reportedly cruising smoothly.
After...
EC suspends approval of release-type acetaminophen, like Tylenol
The Ministry of Food and Drug Safety(Minister Young-Jin Ryu, MFDS) announced on the 13th the ministry has decided to distribute safety letters to pharmaceutical experts and consumer organizations in Korea as the Europ...
20 listed pharmas including MyungMoon and Jin Yang with over 40% SG&A expense percentage
20 listed pharmaceutical companies, like MyungMoon Pharm and Jin Yang Pharmaceutical, spent SG&A(selling, general & administrative) expenses accounting for over 40% of the total sales. The SG&A expenses percentage tha...
MOHW would cancel Innovative Pharmaceutical Certificate for stock price manipulation and sexual harassment
The pharmaceutical innovation certification will be restricted and cancelled if a company is exposed of a company’s unethical activities by their employees.
On the 14th, the Ministry of Health and Welfare(Ministry Ne...
JW Pharmaceutical develops dutasteride tablet for treatment of hair loss and benign prostatic hyperplasia
Developing dutasteride as tablets, JW Pharmaceutical is going to target the world’s KRW 1 trillion market.
JW Pharmaceutical announced on the 12th the company succeeded in developing ‘dutasteride,’ a hair loss and be...
MOHW affirmed once again ‘telemedicine & parcel service for medicines’ are not allowed
The Ministry of Health and Welfare(MOHW) affirmed once again that it was impossible to request for telemedicine between patients and health care providers and ship a parcel of medicinal drugs under the current law.
T...
1 of 2 listed pharmas record decrease of net profits or losses
Although listed pharmaceutical companies recorded a business performance that is closed to the last year’s average, 1 of 2 pharmaceutical companies reportedly had lower net profits, showing that they are having diffic...
Listed pharmas had about same sales increase, but profit gap has gotten worse
While listed pharmaceutical companies reportedly recorded a sales increase rate that is similar to the average of the last year, they had the serious polarization of profits.
Yakup Shinmoon(www.yakup.com) analyzed s...
16 Korean & U.S. NGOs criticize PhRMA’s written opinion about drug price policy in FTA
16 Korean and U.S. non-governmental organizations urged to halt the discussion which threatens health rights at the Korea-US FTA renegotiation by sending public letters to Korean Trade Minister Hyun-Chong Kim and Unit...
