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Pfizer Korea to appeal Viagra case

Pfizer Korea said today it is considering filing an appeal with the Patent Court against the Korea Intellectual Property Tribunal’s ruling in favor of CJ Pharma and several other companies over the nullification of it...

Korea’s pharmaceutical technology transfer fees top 2.5 trillion won in 22 years

The country saw a drug-related cumulative technology transfer fee of 2.5 trillion won ($2.3 billion) over the past 22 years since Hanmi Pharma exported its formulation technology of ceftriaxone to Switzerland based Ro...

Local drugmakers to face another government-mandated price cuts

The Korean pharmaceutical industry will be hit with the second price cuts of drugs in the latter half of the year as several companies were found to pay illegal rebate to doctors last year. In a recent lawsuit, the...

KPMA launches 13-member provisional operation committee

The Korea Pharmaceutical Manufacturers Association has finally patched up its differences to seek a new path. The KPMA’s board of directors meeting passed reform measures to create a provisional council led by 13 memb...

Norlevo could be sold over the counter

Customers will be able to buy prescription medicine such as contraceptive Norlevo at pharmacies without a prescription. Meanwhile, they will need a prescription to get morning-after pills. Under the arrangement pre...

Osteoporosis drug Fosamax Plus D price to be slashed

MSD Korea said Tuesday that it will reduce the price of its osteoporosis medication, Fosamax Plus D, by 30 percent from June 1. As the prices of 6,506 different medicines, 47.1 percent of the total 13,841 drugs tha...

Wyeth’s pneumococcal vaccine OK’d for wider age group

Wyeth Korea said Tuesday that Prevnar 13, a pneumococcal 13-valent conjugate vaccine, was approved Friday by the Korea Food and Drug Administration for people aged 50 years or older to prevent pneumonia and invasive d...

Jeil-Kirin renames itself Kyowa Hakko Kirin Korea

Jeil-Kirin Pharma plans to change its English corporate name to Kyowa Hakko Kirin Korea from June 1 in a bid to make tremendous strides across key scientific fields, including oncology, immunology and nephrology. J...

Daewoong posts largest per-capita sale

Daewoong Pharmaceutical Co. was the nation's most monthly active drug maker during the first quarter, with its per-capita sale topping the list among 52 listed pharmaceutical firms, except Kolon Life Sciences and Hwai...

Health ministry seeking to publicize benefits of DRG formula

The Ministry of Health and Welfare has recently rolled its sleeves to promote the merits of DRG (Diagnosis Related Groups) plan. Under the DRG system, medical fees for treatment of seven diseases will be fixed and ...

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