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Increasing prescription at medical institutions linked to sales of large pharmaceutical firm
The Ministry of Health and Welfare lowered prices of 6,506 different drugs by 14 percent from April 1 as part of its plan to cut spending on national health insurance. With the price cut, the country’s health insuranc...
Government to back two companies’ drug development
Daewoong Pharmaceutical plans to develop a combination drug for treatment of cardiovascular disease, and HanAll Biopharma will also carry out clinical trials for its sustained-release pulmonary hypertension drug with ...
CaffeBene opens large drugstore in Kangnam
CaffeBene, a local coffee franchise company, said Wednesday it has opened its first large-scale branch ‘December 24’ in the affluent area of Kangnam, southern Seoul.
The health and beauty megarmart has a 198-square...
Major drugmakers’ 1H profits slashed by cuts in drug prices
After the government forced down prices of medicines in April, the country’s leading pharmaceutical companies including top-tier ones have struggled to keep afloat in the first half of the year.
Despite increased s...
BMS Korea to continue talk with unionists
BMS Korea, a Korean unite of the U.S.-based Bristol-Myers Squibb, issued a statement on Tuesday that the company will continue to talk with its union workers, claiming it has spared no efforts to create better working...
Larger logistics facility registration to be made compulsory
Wholesalers with a larger logistics facility are obliged to register it into the Ministry of Land, Transport and Maritime Affairs (MLTM), according to the Korea Pharmaceutical Wholesaler Association (KPWA).
Startin...
35 bioequivalence tests approved in July
The Korea Food and Drug Administration confirmed recently that it approved bioequivalence tests for a total of 35 drugs filed by of 20 pharmaceutical firms in July.
By company, LG Life Sciences topped the list with...
SK Chemicals eying sales of 20 billion won with new drug
SK Chemicals on Tuesday launched Promac (polaprezinc), a new drug for the treatment of acute and chronic gastritis, in a bid to raise 20 billion won in domestic sales in the first year of launching, the company said.
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Government agency is under fire over planned establishment of public pharmaceutical firm
The National Health Insurance Corporation is under fire after it revealed a plan on Monday to strengthen the public distribution of medicinal products through the establishment of a state-run pharmaceutical firm.
T...
Dispute between BMS Korea management and unionists seen to be intensifying
The unionists of BMS Korea and ten union workers at other pharmaceutical firms will hold a press conference today in front of BMS Korea headquarters in protest of the company’s lack of efforts to deal with disguised o...
