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Government seeking to boost drug exports in Latin America
The government is revving up its efforts to help Korean drug makers solidify their footholds in Latin American countries as the region has emerged as a key destination of Korea’s homegrown drugs, according to the Mini...
Wholesalers call for earlier passage of three-month payment bill
The Korea Pharmaceutical Wholesaler Association (KPWA) should make its desperate effort to push for the passage of a bill aimed at settling the long-delayed drug payment by medical institutions within three months dur...
MFDS delays implementation of GS1-Datamatrix system
The Ministry of Food and Drug Safety (MFDS) has decided to delay the planned second barcode (GS1-Datamatrix) system describing manufactured number and shelf life of a prescription drug, until June next year.
In its...
Boryung grants Stendhal exclusive rights to Kanarb, novel antihypertensive agent
Boryung Pharmaceutical has granted Latin American specialty company Stendhal exclusive commercialization rights for Mexico, Venezuela, Colombia, Perú, Ecuador and most of Central American countries, to its novel antih...
Wild M&A rumors spread
Korean pharmaceutical companies are considering mergers and acquisitions (M&As) in order to make them more productive and profitable, but groundless information on M&A may give adverse effect to firms, critics say.
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Hanmi to distribute Wakamoto’s MaQuid to treat diabetic macular edema
Hanmi Pharmaceutical said Tuesday that it has signed a distribution agreement with a Japanese company Wakamoto for the exclusive sale of Wakamoto’ MaQaid for the treatment of diabetic macular edema (DME), a sight-thre...
Mundipharma Korea appoints Song as head of consumer healthcare business unitMundipharma Korea said Tuesday it appointed Song Young-rae as a new director managing the company's consumer healthcare business division as of July 4.
Song will manage all m...
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Prosecutors demand jail term for Dong-A’s two agency representatives
The prosecution on Monday demanded an 8-month jail term for two promotion agency presidents, who were involved in the production of educational video for employees of Dong-A Pharmaceutical, with an additional suspende...
Pharmaceutical firms call for more direct support
The Ministry of Health and Welfare on Sunday pledged to support the local industry by increasing the budget for research and development to 10 trillion won, aiming to export 11 trillion won in drugs by 2017 and become...
Innovative pharmaceutical firms boosting R&D spending
Twenty eight innovative drug firms have been spending more on research and development (R&D) projects to strengthen their technology leadership, industrial report showed Monday.
According to a report released by th...
