News About: Pharm. Industry


Consumer recession chills pharmacies

Pharmacies are facing a consumer recession over over-the-counter (OTC) drugs, with ongoing troubles in equity and property markets sending consumer confidence into tailspin, evidence that the economy is heading south ...

Bayer Schering CEO to visit Korea

Andreas Fiebig, chairman and CEO of Bayer Schering Pharma AG, will visit Samsung Medical Center (SMC) in Seoul during his three-day visit to Korea this week. Fiebig and some officials arrived in Korea on November 2...

Economic slump impact drugmakers

The local pharmaceutical industry has seen record-breaking raw material prices, which rose sharply earlier in the year due to the Korean currency’s steep fall. Now it is plagued by falling demand, and many companie...

Pharmaceutical firms to downsize production and wholesaling units

Korea’s pharmaceutical companies are likely to trim their production and wholesaling sectors as part of restructuring to counter rising raw materials prices and higher manufacturing costs. A whirlpool of production...

Price re-assessment of Crestor is still under negotiation

Now all eyes are on the Health Insurance Review & Assessment Service’s committee decision on the price readjustment of Crestor, a lipid-lowering agent. According to the HIRA, the re-assessment is likely to take tim...

Hyundai Pharm wins quality management award

Hyundai Pharm is being honored for its top quality management. The company was named the “Korea’s Quality Management Company '' by the Korean Standards Association. The 34t...

Prices of 687 items to be reduced from January

Prices of 687 items to be reduced from January The Ministry of Health, Welfare and Family Affairs says health insurance prices of 687 items from 158 pharmaceutical firms will be reduced from J...

Mundipharma Korea to recruit medical representatives and specialists

Mundipharma Korea YH will recruit medical representatives and specialists through its human resources recruitment program. Job seekers who were graduated or are scheduled to ...

Green Cross Corp. to raise Zenol price by 7.5%

The supply price of Zenol products, such as Zenol Cool and Zenol Top, will rise by 7.5 on average for the first time since 1998, according to Green Cross Corporation. “The price of these items remains unchanged but...

Teva seeks to advance Korea’s pharmaceutical market

Teva Pharmaceutical Industries Ltd. is tapping the possibility to enter into the Korean pharmaceutical market in an apparent scheme to grab the lead in the domestic generic drugs market. Two Teva officials made a v...

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