All Type of News
Pharmacists, doctors in turf war
A turf war between pharmacists and doctors is becoming uglier, following the recent decision of the Health Insurance Review and Assessment Service (HIRA) to reduce the number of pharmacies, being accused of overchargi...
Restylane sales likely to reach 25 billion won in 2013
Galderma Korea, which saw the strong performance of its dermal filler Restylane in the first half of this year, said Thursday that this year’s sales are likely to reach 25 billion won thanks to soaring demand for hyal...
Falling profit margin angers wholesalers
Local drug wholesalers are opposing some multinational drug manufacturers’ marketing policy to slash the wholesaler’s profit margin.
Their reaction came out after more multinational companies are cutting the wholes...
Salespeople vulnerable to dual punishment quagmire
The Ministry of Health and Welfare has stepped up its crackdown on unlawful drug marketing activities. It introduced a rule which slashes the price of a drug by up to 20 percent if a drug maker is found to have offere...
Rise of long-acting injectable antipsychotic drugs reshaping local market
Long-acting, atypical injectable antipsychotic drugs has been in the spotlight here, despite the fact that most oral atypical antipsychotics have lost patent exclusivity over the past three years, resulting in an ann...
Hanmi Pharm, DKSH sign deal to sell three incrementally modified drugs
Hanmi Pharmaceuticals Co. said Wednesday it established a strategic partnership with DKSH, the leading Market Expansion Services Group with a focus on Asia.
Under the exclusive distribution agreement, DKSH will mar...
Suheung Capsule acquires SH Pharm
Suheung Capsule, which specializes in the production of empty hard capsules for use in pharmaceutical and nutraceutical applications in Korea, said Wednesday that it will acquire SH Pharm, a local pharmaceutical firm,...
Industry criticizes government’s cancellation plan of selected innovative drug firms
The complaint over the government’s impetuous plan to remove the “innovative drug firm” status has flared among the domestic drug industry.
The Ministry of Health and Welfare in June last year had selected some 40 ...
Doctors’ abuse of power batters pharmaceutical firms, wholesalers and pharmacies
The abuse of power by doctors in drug prescription has adversely affected the overall business environments of drug makers, wholesalers and pharmacies.
Doctors have been extraordinarily powerful and influential in ...
Doctors obliged to issue duplicate prescription
Doctors will be required to issue a duplicate prescription after diagnosis and a fine of 2 billion won will be imposed to violators who fail to do so, the Ministry of Health and Welfare said Monday.
In a meeting on...
