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Drug makers still sweating over 2013 business plan

A majority of Korean pharmaceutical companies are still struggling to finalize their business plans for the new year, industry sources said. Economic uncertainty has led many companies to say they have no plans to ...

Yuhan to acquire shares of Theragen Etex

Yuhan Corporation said in its regulatory filing Tuesday that it is proceeding with preliminary negotiations with Theragen Etex, a local biopharmaceutical firm, to acquire the latter’s shares. More details will be a...

Government spend 1.2 trillion won to treat eye diseases in 2011

The National Health Insurance Corporation said Sunday it spent 1.2 trillion won treating the eye diseases last year, a 1.4-fold rise from 800 billion won in 2007, and 2.5 percent of total illness coverage. In 2011,...

Expanded bar code for prescription drug to be made compulsory from 2013

Expanded bar code (GS1-128) or radio tags should be placed on both the immediate containers and outer packages of all prescription drugs sold here from next year, the government said Tuesday, in order to create a trac...

More wholesalers want to handle 13 OTC drugs

Thirteen over-the-counter (OTC) drugs will be sold at convenience stores from Thursday, but more wholesalers have a keen interest in handling these items through their distribution route. The retail industry said t...

Pfizer Korea teams up with 4 university hospitals

Pfizer Korea said Monday it has signed a memorandum of understanding (MOU) with four leading hospitals in the country to cooperate on clinical trials. The hospitals dubbed partners of Pfizer’s Inspire (Investigator...

Pharmaceutical firms urged to enhance salespeople’s morale

Korean drug companies are trying to survive the government’s price cuts by slashing production costs and reorganizing their sales force. Many say the companies should treat sales people in a manner to enhance their...

Scientists found mechanism of acquired resistance to EGFR tyrosine kinase inhibitors

A group of scientists at Yonsei University have found a mechanism of acquired resistance to EGFR (epidermal growth factor receptor) tyrosine kinase inhibitors (TKI) in non–small...

KFDA lifts ban on Novartis flu vaccine

The Korea Food and Drug Administration announced Monday it has lifted a ban on import of Agrippal junior prefilled syringe, an influenza vaccine made by Swiss pharmaceutical giant Novartis after documenting that conce...

Green Cross seeking to supply flu vaccine to WHO agencies

Green Cross Corporation said Friday it has obtained a prequalification approval from the World Health Organization (WHO) for its multi-dose influenza vaccine, following its single-dose influenza vaccine. Company of...

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