All Type of News
Government urged to scrap flawed cash reward system for medical institutions
The Korea Pharmaceutical Manufacturers Association (KPMA) has called on the government to abolish the contentious cash reward system for doctors and pharmacists whose implementation is delayed till next January, citin...
Controversy on efficacy of Ursa is meaningless: Daewoong
The Press Arbitration Commission (PAC) has recently called for a local media to delete its articles on the efficacy of Ursa, the best-selling hepatic function medicine, in a bid to end disputes caused by the media’s r...
New drug license-patent department to be set up in MFDS
The Ministry of Food and Drug Safety (MFDS) said Tuesday it has newly created a department for drug license-patent affairs as part of its reorganization scheme.
“With the establishment of the new department consist...
Sales of 67 drug firms grows 5.7 percent in first half: report
The combined revenue of 53 pharmaceutical companies listed in listed in Korean Stock Exchange came to 5.38 trillion won in the first half of this year, up 5.7 percent from a year earlier, a government report showed Tu...
Wholesalers to toughen stance on distribution margins
The Korea Pharmaceutical Wholesaler Association (KPWA) said Tuesday it will have a meeting today with Bayer Korea over wholesalers’ profit margins amid the situation where local wholesales have vowed no let-up in its ...
CKD to split into holding, operating companies
Chong Kun Dang Pharmaceutical Co. said Tuesday that it will split into holding and operating entities to simplify its corporate structure and boost investor interest.
The company will be separated into two firms -...
Pharmacists mull creation of new animal pharmacy association
Pharmacists are actively moving to establish a new association for animal drugs.
In a regular meeting on Sunday, several pharmacists including Kim Sung-jin and Lim Jin-hyung discussed the establishment of new body ...
Court ruling paves way for detailed guideline of marketing system
A Seoul court yesterday rendered a guilty verdict for 18 doctors and 31 employees of Dong-A Pharmaceutical Co., who found caught offering and taking illegal rebates in the pretext of producing instruction videos.
M...
Multinational drug firms to face growing calls to hike wholesalers’ margin
Local wholesalers recently stepped up pressure on multinational drug manufacturers to increase their profit margins up to at least 8.8 percent, calling for mutual co-existence.
In a statement delivered to foreign-i...
Convenience stores struggling with sluggish sales
A total of 13 over-the-counter (OTC) drugs including Tylenol and Pancold-A have been sold at 24-hour convenience stores around the country from November last year. The selected items are classified as first-aid remedi...
