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KIT to help Korean drugs gain U.S. FDA approval

The U.S. Food and Drug Administration has recently approved the preclinical data submitted by a local non-clinical contract research organization, which will help Korean drug firms increase their share of the U.S. pha...

Government to set up distribution information center for medical devices

The Health Insurance Review and Assessment Service (HIRA) is working to establish a distribution information center, tentatively named the Medical Devices Distribution Information Center, which will take charge of det...

Pharmacists perplexed over selective separation plan

Pharmacists are under growing pressure from the medical circle seeking the selective separation plan to ensure the patient’s convenience and selective drug rights. Korea has one of the highest levels of drug consum...

Doctors rekindle selective separation plan

The Korean Hospital Association (KHA) on Wednesday pledged to push ahead with the selective separation plan, under which patients will be able to get medicines easily at any hospital or pharmacy. Under the current ...

Korea Drug Research Association to launch special committee on disasters

The Korea Drug Research Association has launched a committee that will deal exclusively with all of the technologies and promising business including investment, an official said Wednesday. The Technology Business ...

Zantac tablets 75 mg approved for OTC

The government has decided to allow Zantac tablets 75 mg, a popular antacid, to be sold at pharmacies without a doctor’s prescription starting March 1. Instead the authorities decided to tighten management on Kimit...

Drug wholesalers in great distress over margin profit cut

Local drug wholesalers are finding it increasingly difficult to boost their bottom line amid growing demand of wholesaler margin profits cut by foreign pharmaceutical firms. Allergan Korea has recently decided to s...

Korea Pharmaceutical Industry Cooperative likely to see disbandment

The future of the Korea Pharmaceutical Industry Cooperative (KPIC) has been thrown into question amid growing speculation that the cooperative has reduced the number of six office workers by one since 2011, Industr...

Pharmaceutical chiefs will extend term this year

Some chiefs of major pharmaceutical companies in the country are due to end their tenures this year, but their term is likely to be extended. According to industry observers, the general meetings of shareholders at...

Seoul National University mulls introduction of CSS

Starting March, Seoul National University (SNU) has recently unveiled its plan to introduce contractor selection system (CSS), a system to invite tenders for drug procurement and award it to eligible contractors. U...

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