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Drugmakers seeking to keep transaction with financially stable wholesalers
Influenced by the recent figures that a growing number of small wholesalers are increasingly vulnerable to a credit crisis, local drug firms are reportedly in the process of selecting wholesalers with better financial...
Wholesalers struggling to improve bottom lines
Drug wholesalers have tried hard to keep afloat, but they are finding it increasingly difficult to boost their bottom line amid strong demand for margin profit cuts planned by several companies including Bayer Korea.
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Government to enact bill on risk-sharing arrangements and drug volume forecast within this year
Increased spending on pharmaceuticals continues to foster debate over healthcare policy.
The increasing costs of bringing products to the market, as well as increased utilization of pharmaceuticals contribute to i...
Wholesalers may benefit from political standoff
The ongoing political stalemate is expected to continue after President Park Geun-hye and opposition Democratic Party (DP) Chairman Kim Han-gil failed to see even a hint of compromise in their meeting, Monday.
The ...
CJ Pharma launches generic Olmetec
CJ Pharma on Monday announced the launch of its two therapeutic equivalent generic versions of Daiichi-Sankyo’s Olmetec – Olmeact (olmesartan medoxomil) and Olmeact Plus (olmesartan medoxomil/hydrochlorothiazide).
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Green Cross, CHA Bio & Diostech forge partnership
Green Cross Corp. announced Monday that it has inked a memorandum of understanding (MOU) with CHA Bio & Diostech, run by Cha University Hospital Group.
The partnership is expected to add steam to the Korean drug ma...
KBIO picks Hwang as new vice presidentThe Korea Biotechnology Industry Association (KBIO) picked an economic consultant Hwang Kwang-gu as its vice president of the board during a meeting last Wednesday.
Hwang gra...
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Dispute escalates over punishment of educational video producers
Controversy is growing over the court’s ruling over Dong-A Pharm’s agents at the end of this month.
The prosecution has demanded an 8-month jail term for two promotion agency presidents, who were involved in the pr...
Bayer Korea withdraws wholesaler profit margin cut plan
Bayer Korea has decided to withdraw its plan to slash the wholesaler margin over their products which will take effect from October, the Korea Pharmaceutical Wholesaler Association (KPWA) said last Friday.
In a mee...
Four drugmakers win prizes for R&D capacity and global competitiveness
Four Korean pharmaceutical companies, such as Green Cross, LG Life Sciences, Daewoong Pharm and Boryung Pharm, won highest honors as 2013 innovative drug firms at the Farm Fair of Bio Korea held at KINTEX in Goyang, G...
