News About: Pharm. Industry
Notice to our readers
Due to vacation English Yakup Daily will not publish January 1(Tuesday), thru January 2(Wednesday), 2008.
We resume publication on January 3(Thursday), 2008.
Korea's GMP facility investment exceed 1.6 trillion won
The nation's GMP (good manufacturing practice) facility spending surpassed 1.6 trillion in 2006 as part of part of efforts to survive in the era of free trade agreements (FTAs).
The Korea Pharmaceutical Manufacture...
National insurance fund excludes Eli Lilly's antidepressant Cymbalta
The Health Insurance Review Agency said on December 21 that Lilly's antidepressant Cymbalta (duloxetine) will not be covered by the national health insurance fund due to a higher price.
Medical experts have warned ...
Health functional foods market expand rapidly
The volume of the domestic health functional food market will surpass 4 trillion won in 2010 thanks to brisk sales of omega-3's products, business sources said recently.
The sources said the scale of the so-called ...
Hospitals seek M&A
Some hospitals are moving towards the merger and acquisition (M&A) for small-sized pharmaceutical firms or wholesalers in the scale of 30 to 40 billion won in asset, as the overall production costs of pharmaceutical m...
Dongwha's antimicrobial agent wins excellent patent technology award
Donwha Pharm earned a state-of-the-art patent technology award for its novel quinolone carboxy derivative (zabofloxacin, DW224a) on December 21, following the Presidential Award in 2007 Health Industry and Technology ...
Handok Pharm gears up selling of Cleocin-THandok Pharm said it has marketed Pfizer's topical solution Cleocin-T (clindamycin phosphate) under the mutual agreement between two companies.
This medication is used to tre...
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Institute Pasteur Korea, Stem Cell Research Center forge partnership
Institute Pasteur Korea (IP-Korea) has signed a memorandum of understanding (MOU) with the Stem Cell Research Center to collaborate with their joint research in the field of cell and tissue engineering in Korea.
Th...
Wholesaler discontent growing over GSK margin policy
Discontent is mounting among wholesalers as GlaxoSmithKline (GSK) renewed a contract with its 49 associate wholesalers across the country under a lowered wholesaler margin by 1.5 percent.
The Korean Association of ...
Wholesaler wins lawsuit over drug bidding case
The Seoul High Court ruled against a local pharmaceutical firm on December 20 in a lawsuit filed against the recent decision of the Fair Trade Commission to correct the unfair business practice.
The court ruled tha...
