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Regional drug wholesalers declares no speedy courier service

Strings of motorcycles snaking through tight gaps on jam-packed streets have become ubiquitous in Korea nowadays. The majority of them are messengers. The widespread “pali-pali,'' or hurry-hurry personality of the ...

Baby boomers prefers long-term advance payment over pension fund

More baby boomers, who were born between 1955 and 1963 and are now in their late 40s and mid-50s, are willing to voluntarily pay the long-term advance pension premiums into the National Pension Service (NPS) for their...

Hanmi releases Voglia OD tablets

Hanmi Pharmaceutical said Monday that it has rolled out an oral disintegrating tablet (ODT) version for Voglia (voglibose). Voglia is an alpha-glucosidase inhibitor used for lowering post-prandial blood glucose lev...

Korea to invest 3.6 billion won for new drug development in 2013

The government will invest 3.6 billion won for research and development (R&D) of new drugs next year, a presidential body said last Thursday. The amount is up 20 percent from the 300 won set aside for the same purp...

Substitute drugs available at pharmacy top 5,179 in July

The number of substitute drugs that may be dispensed at pharmacy was 5,179 in July, up 71 compared with the figure revealed in April, the Health Insurance Review and Assessment Service said last Thursday. Under the...

Labor dispute looms large at BMS Korea

BMS Korea and its unionists are on a collision course over the company’s move to recruit some employees from an outsourcing company. The union said it will hold a press interview in front of the company on Tuesday ...

Pharmaceutical firms to receive state support

The government is planning to support 43 innovative pharmaceutical companies as well as 41 health and cosmetics companies selected under the “Columbus Project” over their easier acquisition of statistical data and for...

Janssen Korea gets new female CEO

Janssen Korea, a Korean branch of multinational firm Janssen Pharmaceuticals Inc., announced last Thursday that Kim Oak-yeon had been appointed as its woman CEO, effective Augus...

Pharmaceutical industry in transition

The local pharmaceutical industry is undergoing a major transformation as cuts in drug prices have reshuffled the leader board of drug manufacturers. After the government forced down prices of medicines, local drug...

Government urged to probe multinational firms over rebate

There are mounting cries that the Korean government should scrutinize the country's multinational drug firms in relation to their suspected undue business practices. Critics said it could be “problematic'' if forei...

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