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MFDS approves new treatment for advanced colorectal cancer

Bayer HealthCare Pharmaceuticals on Monday gained the green light from the Ministry of Food and Drug Safety (MFDS) on Stivarga (regorafenib) to treat patients with metastatic colorectal cancer (mCRC). Stivarga is a...

Bae named to head Sanofi-Aventis Korea

French drugmaker Sanofi said Monday it has appointed Bae Kyung-eun, CEO of Genzyme Korea, to replace Jean-Marie Arnaud, general manager of Sanofi-Aventis Korea, who will become ...

81% back separation of prescription and dispensing of drugs for outpatient care

A majority of people support a drug policy reform declared on July 1, 2000 that mandated the separation of medical institutions and pharmacies for outpatient care, according to a recent survey. The survey, conducte...

Innovative drug firms set up three sub-committees

The consultative body for 42 innovative drug firms, which belongs to the Korea Pharmaceutical Manufacturers Association (KPMA), held its first meeting last Friday to launch its three sub-committees named “Innovative R...

KPA to file complaint against animal drug manufacturers

The Korean Pharmaceutical Association (KPA) will file a complaint with the Fair Trade Commission against the country’s animal drug firms, claiming their boycotting to supply animal drugs to pharmacies is a violation o...

Korea has low recovery rate for substandard drugs

The country's low recovery rate for substandard drugs stood at 97.3 percent to over the past four years, according to Rep. Shin Eui-jin of the ruling Saenuri Party. Citing the data released by the Ministry of Food ...

Sanofi-Aventis Korea gains KDRA membership

Recently, Sanofi-Aventis Korea, a local unit of Paris-based leading health care company, joined the Korea Drug Research Association (KDRA) as one of the full-fledged members. The KDRA, established in August 1986, c...

Local drugmakers urged to regain public credibility

The local pharmaceutical industry came under fire as Wales Korea Pharm was found to have forged the shelf life of its drug. The Ministry of Food and Drug Safety (MFDS) announced recently that it ordered Wales Korea...

For-profit foreign hospital plan fails to gain regulatory approval

The Ministry of Health and Welfare said Thursday it has temporarily suspended a plan of for-profit foreign hospital in Jeju Island, citing various reasons, although the governor of Jeju Special Self-Governing Province...

Major drug wholesalers seeking to boost sales

The country’s three large wholesalers, such as Geoyoung, Baekje Pharm, Dongwon Pharm, are seeking ways to expand their sales volume after comprehensive price cuts of drugs by the government in April. These wholesal...

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