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FTC, health ministry criticized for lax supervision of predatory pricing

The state fair trade regulator and the Ministry of Health and Welfare (MOHW) were under criticism for their apparently negligent supervision of the pharmaceutical industry as evidence of predatory pricing scheme by dr...

Concerns grow over punishment of fair trade violations

Korea’s incoming president, Park Geun-hye, is considering harsher penalties for anti-competitive behavior by companies as well as making it easier for prosecutors to charge them over legal violations and irregularitie...

Overheated generic battle

With many global makers' blockbuster products losing patent, the race for the generic drug market is seen to be further intensifying. According to data by Yakup.com, a pharmaceutical information provider, the indus...

Diane-35 to be pulled from shelves

Germany-based Bayer acne pill Diane 35 and its generic versions face being banned in the Korean market as the Korea Food and Drug Administration (KFDA) on Thursday ordered docto...

National health insurance to cover Trajenta duo

Boehringer Ingelheim Korea said Thursday that its combination form Trajenta duo (linagliptin + metformin) will be included in Korea’s health insurance from Feb. 1. The insurance price of Trajenta duo for 2.5/1000mg...

Baekje Pharm to open large-scale drug logistics center

Baekje Pharm, Korea’s largest drug wholesaler in sales, said Thursday that it will open the nation’s large-scale drug logistics center in Pyungtaik, Gyunggi Province from March 1 after its test-run operation this mont...

MSD Korea promotes two executives

MSD Korea on Friday said it promoted sales and marketing director Kim Sang-pyo to an executive of U.S. based Merck & Co’s Diversified Brands Division. In addition, Oh So-yoon wa...

Takeda Korea eyes bigger pie in domestic OTC market

Takeda Korea plans to step up the marketing of its five-type cold remedy Hituben from March in a bid to maintain its leading status in the local cold drug market. It will soon have a soft capsule Hituben, produced ...

Saenuri Party proposes government reorganization bill

Saenuri Party said Wednesday it proposed a bill regarding the reshuffling plan for the incoming government, which was announced by the presidential transition team. The bill proposes the enlargement of the central ...

43 firms of biological products to be inspected in 2013

The Korea Food and Drug Administration said Wednesday that 43 local manufacturers and importers of biological preparations will be inspected this year in accordance with the provisions of the Pharmaceutical Affairs La...

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