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Health ministry cautions against stem cell treatments abroad
The Ministry of Health and Welfare on Thursday called on Korean people to avoid any unauthorized stem cell treatments abroad.
The ministry said in a statement that patients should not try to seek experimental stem ...
KFDA approves extension of license indication for Eliquis
The Korea Food and Drug Administration on Tuesday approved a new indication for Eliquis (apixaban) 2.5mg tablets as follows:
“Prevention of stroke and systemic embolism in adult patients with non-valvular atrial fi...
KPA apologizes for some pharmacies’ rejection over powder dispensing of drugs
The Korean Pharmaceutical Association (KPA) on Wednesday apologized for the fact some of its member pharmacies neighboring at large hospitals were accused of rejecting powder dispensing of prescribed drugs.
“We sin...
New guidelines aim to end “reverse payment” deal
The nation’s antitrust watchdog announced Wednesday a set of new guidelines for fair business trade in the pharmaceutical sector.
The Fair Trade Commission (FTC) said that a number of experts from the academia join...
FTC to block unfair business practices at pharmaceutical firms
The Fair Trade Commission (FTC), which announced a set of guidelines on Wednesday, reviewed any unfair business deals from 429 contracts made between pharmaceutical firms in 2010.
Under the FTC’s recommendations, c...
74 hospitals caught using propofol without prescription
The Korea Food and Drug Administration (KFDA) and the National Police Agency (NPA) said Wednesday they detected 74 hospitals and clinics for using propofol without prescription during their two-month crackdown.
Th...
Dong-A Pharm to split into holding, operating companies in March
Dong-A Pharm, the nation's No. 1 textile producer, plans to split the company into two parts of holding and operating firms in March in an effort to streamline the corporate structure.
Under the plan, Dong-A Pharm ...
Pharmacies under fire for rejecting powder dispensing of drug
Some pharmacies adjacent to large hospitals have come under fire for ignoring the powder dispensing of prescribed drugs.
In a statement issued on Wednesday, a group of patients suffering from serious diseases calle...
GSK, Daewoong to face class action suit
GlaxoSmithKline (GSK) will face a possible class action suit by a group of patients and consumers saying GSK colluded with Dong-A Pharm to hinder the generic sale of its anti-emetic Zofran for the past 12 years.
Th...
Competition stiff for OTC drugs
Multinational pharmaceutical companies are stepping up their marketing in domestic over-the-counter (OTC) drug market, which is forecast to become more competitive than ever this year, according to industry sources.
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