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Drug firms beef up online shopping mall business
Leading drug companies, such as Daewoong Pharmaceutical and Hanmi Pharmaceutical, has scrambled to diversify their revenue sources by establishing their own online shopping malls.
Daewoong’s ‘The Shop’ sells the dr...
Drug makers urged to develop new drugs
Domestic drug makers should focus on research and development of new drugs to survive in an era of the Korea-U.S. FTA, said Lee Kyung-ha, President of the Korea Pharmaceutical Manufactures Association.
In a meeting...
JW to collaborate with Samsung Medical Center
JW Pharmaceutical said Tuesday it has signed a memorandum of understanding (MOU) with Samsung Medical Center (SMC) for the research collaboration of new refractory cancer treatments.
According to the Agreement, JW ...
KIPO commissioner to meet pharmaceutical CEOs today
Including the so-called “patent war of the century” between Samsung Electronics and Apple, Korean businesses are increasingly becoming embroiled in legal disputes with their foreign rivals over patent breaches based o...
Drug firms go to boost sales
Desperate to increase their sales, the nation's drug firms are rushing to press their salespeople to meet their annual sales target.
At present, companies are focusing on the ‘first-order’ policy while allowing the...
Kunwha to appoint foreign directors
Kunwha Pharmaceutical said Tuesday it will newly appoint five directors and one auditor from the U.S. based Alvogen in a special shareholder meeting to be held on Dec. 13.
Last month, Alvogen acquired a 50.5 percen...
Pharmacists, government to promote drug substitute dispensing plan
The Korean Pharmaceutical Association said Tuesday it will unveil a series of measures to activate the drug substitute dispensing in collaboration with the National Health Insurance Corporation, which was mutually agr...
Online shopping malls might threaten survival of wholesalers
Three drug makers have recently decided to take part in the online drug shopping mall operated by Daewoong Pharmaceutical, posing fresh threats to pharmaceutical wholesalers.
Currently, the online shopping malls ar...
Dong-A’s drug sales unlikely to top 1 trillion won
Dong-A Pharmaceutical Co., Korea’s largest drug producer, is unlikely to gain its membership in the 1-trillion won seller club this year in the aftermath of the government’s forced price cut for drugs and other medica...
Dong-A seeks to supply cycloserine to WHO agenciesDong-A has obtained a prequalification approval from the World Health Organization (WHO) for its multidrug-resistant tuberculosis (MDR-TB) drug, Closerin (cycloserine), Korea’s ...
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