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Wholesalers, two drug makers face off over online shopping mall
Controversy is escalating between pharmaceutical wholesalers and two pharmaceutical firms, Daewoong Pharm and Hanmi Pharm, over the latters’ launch of online pharmaceutical drugs shopping malls.
The Korea Pharmaceu...
Korea's health insurance outlays up 11% in 7 years
Korea's health insurance outlays for examination and treatment rose an annual rate of 10.83 percent over the past seven years, while an annual increase rate for nation’s medical expense was 11.39 percent, a state-run ...
JW holdings to issue bonus shares
Last Friday, JW Holding filed a public notice, announcing that it will issue 2.42 million new bonus shares to existing shareholders from January 1.
Shareholders will get 0.05 shares free per share of the common sto...
Jo Chan-hee wins KPA presidency
Pharmacist Jo Chan-hee earned the landslide victory in the election of the Korean Pharmaceutical Association (KPA) Thursday, according to the KPA Election Commission.
Jo won a total of 10,112 votes or 60.5 percent ...
Local drug makers go all-out to boost sales
Korean drug firms are beefing up their sales and marketing campaigns in efforts to meet their annual sales target, while multinational firms are not in a hurry, industry sources said Friday.
Many foreign invested f...
Wooridul Pharm denies rebate allegations
The Korea Food and Drug Administration announced Monday a list of 34 drug companies, including Shinpoong Pharm and Wooridul Pharm, which were caught offering kickbacks to doctors, pharmacists and hospital officials, a...
KFDA slammed for incompetence and negligence
Health authorities, whose responsibility is to protect the public’s health, are fueling consumer anxieties and fears through inconsistent and irresponsible administrative guidelines and decisions.
The Korea Food an...
Alvogen Korea to have dominant say at Kunwha
Alvogen Korea, a Korean unit of U.S.-based generic firm Alvogen, will have a dominant say in business decisions at Kunwha Pharma having with 60 billion won in sales, from now on.
A decision by shareholders of Kunwh...
KFDA officials aghast over reorganization plan
Officials at the Korea Food and Drug Administration are keenly interested in the announcement of the incoming administration about its reorganization plan as the presidential election is due on Dec. 19.
Presidentia...
KPMA okays new committee to protect Japanese drug companies
The Korea Pharmaceutical Manufacturers Association (KPMA) said Wednesday that it has decided to create a special committee for eight Japanese firms here as part of efforts to bolster Japanese firms’ benefits.
The J...
