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AminoLogics to export D-Serine to Japan
A Korean pharmaceutical company, AminoLogics, yesterday said it has signed an agreement with Sam-Oh Pharm, a Korean agent of Kyowa Hakko Bio in Japan, to export its chiral unnatural amino acid D-Serine to Japan.
In...
Ostec wins U.S. patent for new anticancer compounds
Ostec Inc., a local biopharmaceutical company, said Wednesday that it has recently obtained the U.S. patent for new anticancer compounds.
The patented compounds, which have been discovered through a 4-year intensiv...
Big five’s earnings fall 11% on government’s forced price cut for drugs
Korea’s five major drug companies saw their combined earnings drop 11 percent in 2012 from a year earlier, an online pharmaceutical information provider said yesterday, pointing to their troubles stemming from the gov...
Dong-A hit for kickbacks
The Korea Food and Drug Administration (KFDA) has banned four pharmaceutical companies from selling some of their products for 30 days for offering kickbacks to doctors and pharmacists.
The Korea drug regulator sai...
70% of KPWA member companies comprise small wholesalers with 20 billion won in sales
The Korea Pharmaceutical Wholesaler Association (KPWA) said that the number of its member is 426 wholesalers as of the end of last year and 70 percent of the total members are small- and medium-sized wholesalers with ...
Drug companies rush to hike prices
Pharmaceutical companies here are jumping on the bandwagon to hike prices of over-the-counter (OTC) drugs. This puts a heavier financial burden on households already grappling with shrinking incomes, growing debt and ...
Sanofi’s Korea-based affiliates move to new headquarters
Paris-based health care group Sanofi said Wednesday that four of its subsidiaries operating in Korea moved to a new building in Seocho-ku, Seoul.
The four affiliates are Sanofi Aventis Korea (pharmaceutical busines...
More small wholesalers forced into bankruptcy
A growing number of small-and mid-sized drug wholesalers here have gone out of business over the past few years, due largely to falling margins amid the government’s push to slash drug prices.
Those remaining are ...
KPMA to beef up anti-dumping effort
The Korea Pharmaceutical Manufacturers Association (KPMA) has recently proposed a set of measures to the Ministry of Health and Welfare in a move to stem illegal dumping activities such as predatory pricing in hospita...
Pharmacist wins lawsuit against fines of generic dispensing
A Seoul Administrative court ruled that the government illegally fined a pharmacist for his generic dispensing.
The court ruled that the fines of 82.4 million won imposed by the Ministry of Welfare (plus 20 million...
