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Eximbank vows more support for pharmaceutical firms entering emerging markets

Export-Import Bank of Korea will step up support for pharmaceutical companies entering emerging markets, the bank’s chairman and president Kim Yong-hwan said Thursday. “In order to secure future growth engines for ...

Hospitals to address delayed drug bills

The Korea Hospital Association president Kim Yoon-soo pledged to shorten a longer payment turnover over drug bills during a government’s regular economic meeting Thursday. He said that all hospitals will make all-o...

New prescription plan reignite stir

“A new prescription plan, under which doctors will be required to prescribe the actual chemical agent instead of the name of a specific drug product as they do now, may adversely affect public health in the long run. ...

KPMA names new president

The Korea Pharmaceutical Manufacturers Association (KPMA) announced Wednesday that Kim Won-bae, CEO of Dong-A Pharmaceutical, will lead its association based on his background in the country, together with the incumbe...

Local drug makers kindling strategic alliance flame

Korea’s major pharmaceutical firms are fervently seeking strategic alliances with a number of multinational pharmaceutical firms using its strong sales and marketing force in a bid to boost their sluggish sales. Ko...

Market value by foreign ownership tops 1.8 trillion won mark

Korea’s 57 pharmaceutical companies that went public on the local bourse saw their combined foreign ownership reach 5.2 percent to 1.8 trillion won as of August 21, Yakup.com., a website tracking Korean drug makers, r...

Majority of customers back substitute drug dispensing

About 80 percent of customers who visit pharmacies support the substitute drug dispensing, a survey showed Thursday. The Korean Pharmaceutical Association said its recent survey of 1,357 adults visiting 101 pharmac...

Letter size of quasi-drug to be enlarged

Makers of quasi-drugs will be obliged to enlarge the letter sizes of ‘brand name,’ ‘manufactured date’, ‘shelf life and ‘quasi-drug’ on the containers or packages of the products by at least 7 point, the Korea Food an...

Silent axes swinging in pharmaceutical firms

Korean pharmaceutical companies are pushing forward with corporate restructuring as they already feel the pinch of falling sales and profits caused by the government-mandated cuts in drugs prices in April. Restruct...

Patients with hypertension, diabetes seek duplicate prescriptions

The National Health Insurance Corporation disclosed Tuesday that there are 385 people in the country who seek duplication medication between March and April in 2011, according to an analysis of health insurance data. ...

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