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Assembly passes Health Ministry’s budget of 41 trillion won
The National Assembly’s Health and Welfare on Thursday passed next year’s budget for the Ministry of Health and Welfare by increasing 11.3 percent from this year to 40.83 trillion won.
Under the budget compiled by ...
KFDA to designate two psychostimulants as narcotic
The Korea Food and Drug Administration said Thursday that two psychostimulant drugs such as 4-Fluoroamphetamine and 4-Methylamphetamine will be classified as a narcotic for one year starting December 24, making it pos...
Ildong wins telmisartan patent
Ildong Pharmaceutical said Thursday that it has obtained a Korean patent to produce the intermediate of telmisartan (2-n-prophyl-4-methyl-6-(1-methylbenzimidazole-2-yl)-1H-benzimidazole) on a mass scale.
Telmisarta...
Gilead challenges Baraclude
Gilead Sciences, Inc., a developer of Viread (tenofovir disoproxil fumarate), is poised to enter the 200 billion won anti-hepatitis B drug market here, which has been dominated by BMS Korea’s Baraclude (entecavir).
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Health ministry lags in research spending
The Ministry of Health and Welfare has lagged behind the Ministry of Education, Science and Technology in the research and development (R&D) spending over the past five years, undermining present and future growth pot...
Pharmaceutical firms pile up cash reserves
Korean drug companies piled up their cash reserves as they are trying to survive the government’s comprehensive price cuts, data showed Wednesday.
Cash and cash equivalents at 50 listed companies reached 1.2 trilli...
200 billion M&A fund to be set up for drug companies
The Ministry of Health and Welfare plans to set up a 200-billion won merger and acquisition (M&A) fund by 2014 and provide to make local pharmaceutical firms more globally competitive as part of efforts to foster the ...
Moon, Ahn discuss health insurance schemePresidential candidate Moon Jae-in of the Democratic United Party and independent candidate Ahn Cheol-soo hold a television debate at Kim Koo Museum & Library in Hyochang-dong, ...
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Seoul Pharm to supply Viagra ODF to Pfizer Korea
Seoul Pharmaceutical Co. Tuesday said in its regulatory filing that the company has signed an agreement with Pfizer Korea over Seoul’s Viagra (sildenafil citrate) oral disintegrating film (ODF).
Under the deal, Seo...
Korea to create 200-billion won fund
The Ministry of Health and Welfare will attract investment from the private sector to set up a 200-billion won R&D fund by 2014 to finance local firms' large-scale research and development (R&D) projects, as the Natio...
