News About: Pharm. Industry
Korean companies in race for domestic vaccine market
Green Cross Corporation and Ilyang Pharm plan to expand their presence in the 300 billion-won domestic vaccine market as demand for various vaccines has been on the gradual increase due to emergence of new influenzae....
SK Chemicals and CSL enter into technology transfer agreement
SK Chemicals and Australia-based CSL Ltd., entered into a co-development agreement related to the SK-NBP601 developed by SK, it was announced on June 25.
Under this agreement, CSL will develop the compound at its o...
Hostile takeover dispute haunts Ildong
Ildong Pharm has seen a dispute over management control between Lee Kum-ki, the incumbent chairman and largest shareholders.
Ahn Hee-tae, the second-largest shareholder and a foreign investment have led a fight to ...
OTC makers are in agony over government’s non-reimbursement plan
A red light is on for the nation's over-the-counter (OTC) makers as their insured OTC medicines will be excluded from the insurance list, under the government’s plan to control soaring health insurance expenditures.
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Green Cross seeks to promote OTC promotion strategy
Green Cross Corporation plans to push for diversification of its business strategy to increase the ratio of over-the-counter (OTC) products amid deepening uncertainties in the pharmaceutical industry.
The Korea Hea...
KMPA’s anti-rebate measure drawing keen interest
Attention has been focused on the Korea Pharmaceutical Manufactures Association (KPMA)’s decision to slap a 5-million-won fine on Ahngook Pharm for taking dozens of doctors golfing on Jeju Island last month.
The bu...
Household insecticides market warming up
The domestic market of household insecticides is gaining a momentum with new players who see opportunities in the field where two foreign-invested pharmaceutical firms – Henkel Korea and Johnson and Johnson Korea - ha...
Secret rebate practice is still prevailing
Shady deals between doctors and pharmaceutical firms have been still rampant, although the government and related organizations pledged to improve unethical practices in the pharmaceutical industry at a health care se...
Ahngook fined for rebate
Ahngook Pharm was slapped with 5 million won in fines for having provided illegal kickbacks to doctors in exchange for prescribing its products, according to the Korea Pharmaceutical Manufacturers Association on July ...
Drugmakers ask KFDA to allow foreign donation of blacklisted medicines to be scrapped
Korean pharmaceutical companies have called on the Korea Food and Drug Administration to permit the donation of about 1,000 drugs that are confirmed to have used talc or talcum powders with asbestos and ordered to be ...
