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KPA welcomes exclusion of expenses for antismoking therapies from income tax withholdings

The Korea Pharmaceutical Association(President Chan-Hwi Cho) has welcomed to the Ministry of Strategy and Finance’s pre-announcement of the Partial Revision Bill to the Income Tax Law enforcement ordinance which exclu...

“Why MOHW talk about ‘moral laxity’ when fully understanding the cause of mis/unused medicines?”

As the Ministry of Health and Welfare(MOHW) recently gave an answer that it was inadequate for the government to pay for return for mis/unused medicines, the pharmacists’ society has strongly opposed to it. In respon...

Powders and granules added to subject to bioequivalence test

Powders and granules will be added to subject to drug equivalence test, which has only been applied to tablets, capsules and suppositories. Under the Partial Revision Bill to the ‘Regulations about Drug Safety’ which...

Celltrion acquires approval of ‘Herzuma’ in Europe

Celltrion announced Herzuma(CT-P6, generic name: Trastuzumab), an antibody biosimilar for the treatment of breast cancer, acquired approval from the European Medicines Agency(EMA) on the 13th(local time). The EMA gave...

Yuhan & Daewoong to KRW 2 trillion sales, Hanmi for virtuous cycle in R&D investment

Pharmaceutical companies are running energetically towards their 2020 goals. Their goals, which foresee how they will perform in 3 years, vary: KRW 2 trillion sales, KRW 1 trillion sales, establishment of virtuous ci...

Government & CJ to run consultative group for ‘smallpox vaccine quality assurance’ within this 2nd quarter

The government announced that it would hold a consultative group to assure quality of smallpox vaccines with CJ HealthCare by the 2nd quarter of this year. In response to the Korea Liberty Party Rep. Soon-Rae Kim’s r...

PharmPay officially launches ‘Alipay’ payment service only for pharmacies

Alipay, a global online and mobile payment platform operated by Ant Financial Services Group, a subsidiary of Alibaba Group, will now be available to use in pharmacies through CreSoty(PharmPay), a company specializing...

Chair-Elect Jung-Hee Lee, “I’ll openly communicate with members”

Yuhan Corporation President Jung-Hee Lee, a person who was elected as the next Chair of the Korea Pharmaceutical and Bio-Pharma Manufacturers Association(KPBMA), said he would m...

KPBMA, ‘Raising the Pharmaceutical & Biotechnology Industries’ Status as National Industry’

The Korea Pharmaceutical and Bio-Pharma Manufacturers Association(KPBMA) set ‘Raising the Pharmaceutical & Biotechnology Industries’ Status as National Industry’ as the 2018 business goal. In order to achieve the goa...

Most term-expiring professional managers at listed pharmaceutical companies are likely to remain in office

Most professional managers at listed pharmaceutical companies, who will finish their term of office, seem to remain in office. According to the pharmaceutical industry, professional managers at 15 listed pharmaceutic...

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