News About: Pharm. Industry
2 trillion won fund to be earmarked for pharmaceutical companies
The Ministry of Strategy and Finance said on February 7 that it will set up a two-trillion won fund by 2015 and provide tax breaks and other incentives to make local pharmaceutical firms more globally competitive as p...
ATGen develops detection kit for new flu infections
A local biopharmaceutical company ATGen Co. Ltd. recently announced the launch of a new influenza A H1N1/2009 (FLUAb) in providing solutions for the global surveillance of the new flu pandemic.
ATGen’s new kit enab...
Oscotec completes Phase I study for novel osteoporosis drug
Oscotec Inc. says it has successfully completed Phase I clinical trial of a novel anti-bone resorbing small molecule “OCT-1547” in the Netherlands, to evaluate safety, tolerability and pharmacokinetics as an orally ad...
Medica Korea wins lawsuit
Seoul Central District Court ruled against the National Health Insurance Corporation (NHIC) non February 5 in a lawsuit filed against Medica Korea seeking redemption of medication costs for fabricated bioequivalence t...
Bill proposed to fine doctors for illegal rebate
A bill seeking to punish doctors and pharmacists for their illegal rebate is proposed, a lawmaker said on February 4.
Under the proposed bill, doctors or other healthcare personnel who are found to accept gifts, ca...
Two drug makers fined for illegal rebate
The Korea Food and Drug Administration said on February 4 it has meted out administrative dispositions to two pharmaceutical firms for illegal rebate activities.
The national health watchdog ordered Kolon Pharm and...
Merck Serono Korea to provide practical training
It is vital that a medical representative knows just how to go about selling his product/service. And a training program organized by the company he works for will help him get oriented to the product and its benefits...
Omega-3 fatty acid products to fall sharply this year
Local makers of Omega-3 fatty acid products say the production this year will decline sharply due to a supply glut in the industry.
The sharp decline is entirely attributed to the overproduction last year due to th...
Daewoong seeks overseas expansion
Daewoon Pharm is expanding its overseas business to enlarge and diversify its customer base while creating opportunities to improve their products through cooperation with foreign firms
The company, which already e...
Park named vice president of Choong-wae Pharm
Park Goo-seo, incumbent head of Management Assistance Team, was named vice president for Choong-wae Pharm on February 3.
The company said overall management will be handled by Chairman Lee Chong-ho, Vice Chairman L...
