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Chong Kun Dang chairman to step down

Chong Kun Dang Pharmaceutical Chairman Lee Jang-han will quit his co-president post at the company, officials said Tuesday. However, Lee, the eldest son of the late founder Lee Chong-kun, is expected to retain its ...

Bayer Korea unveils new treatment for age-related macular degeneration

Bayer Korea said Tuesday it has started selling Eylea (aflibercept) injection for the treatment of patients with neovascular age-related macular degeneration. Eylea is a recombinant fusion protein, consisting of po...

45 owners’ shares top 15.5%

The owners of 45 pharmaceutical firms listed on the bourse hold a 15.5 percent stake on average, a report said Monday. According to the report released by Yakup.com, an online pharmaceutical information provider, t...

56 pharmaceutical firms see stock assets go up

The aggregate market values of Korean drugmakers that went public on the local bourse rose by 2.3 percent this year, latest data showed. According to Yakup.com, an online information provider on the nation’s drugma...

Sanofi-Aventis Korea joins KDRA

Sanofi-Aventis Korea has recently joined the Korea Drug Research Association (KDRA) as a full-fledged member. The KDRA has 54 member companies focusing on research and development (R&D), with 260 affiliated researc...

Chong Kun Dang to turn into holding company

Chong Kun Dang Pharmaceutical said Monday it plans to split the company into two parts of holding and operating firms on November 2 in an effort to streamline the corporate structure, while adding a variety of operati...

John Whang named CFO of AstraZeneca Korea

AstraZeneca Korea said Monday it has appointed as its chief finance officer (CFO), John Whang, a renowned expert in finance and accounting with some 20 years of related expertis...

Celltrion’s biosimilar Remsima gets EU green light

Biopharmaceutical company Celltrion said Monday its biosimilar monoclonal antibody Remsima has won approval by the European Medicines Agency, setting out a clearer path for the local drugmaker to export the drug to 30...

MFDS urged to become control tower for food and drug management

Today, it takes 100 days for the former Korea Food and Drug Administration, which belonged to the Ministry of Health and Welfare, to have been elevated to the Ministry of Food and Drug Safety (MFDS). Under the mini...

Pharmacy’s real-name reimbursement system to come into effect from today

The real-name reimbursement system for pharmacies will be implemented from July 1 in a bid to tighten its supervision on drug claims by pharmacies, according to the Health Insurance Review and Assessment Service (HIRA...

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