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Falling profit margin squeezes domestic drug wholesalers
Domestic drug wholesalers are facing escalating competition between themselves and Zuellig Pharma Korea, watching their bottom lines being undercut by weakening profit margins.
To make up for shortfalls in governme...
Doctors clash over use of ultrasonography machines
Medical doctors and oriental medicine practitioners are clashing over treatment using ultrasonography machines and laser.
The Korean Medical Association (KMA), the body of medical doctors and professors of Western ...
DHL launches DHL MEDICAL EXPRESS
DHL, the world's leading express company, Wednesday launched DHL MEDICAL EXPRESS in Korea to provide express import and export transportation of time-sensitive medicines, clinical supplies and specimens during the cli...
Drug makers spend 37.4% of revenue on promotion in 1Q
Details of drug company spending revealed Monday show that the country's 52 pharmaceutical companies listed on Seoul bourse spend on average 37.4 percent of their revenue on marketing and hospitality during the first ...
28 Viagra generics ready to hit market
The patent for Viagra, th the world’s bestselling anti-impotence pill, is set to expire today in Korea so a swarm of generic versions can hit the market beginning Friday.
Fifteen local pharmaceutical companies alre...
Drug makers agonizing over future profits
The possible reclassification of 20 over-the-counter (OTC) drugs as “quasi-drugs,” is seen as a much needed move for the industry, but pharmaceutical companies are still uncertain over the success in convenient stores...
Boryung, LG UPlus to develop ‘smart’ healthcare services
Smartphones and tablet computers have changed the way we live our daily lives, from how we access the news to how we purchase music.
Boryung Pharma and LG Uplus are joining hands to develop new smart healthcare se...
Kim Eun-young named head of Novartis Singapore
Kim Eun-young, an executive of Novartis Korea’s Specialty Medicine Business Unit, was appointed president of Novartis Singapore as of May 1, Novartis Korea said Tuesday.
This is the first time for a Korean to take ...
Listed pharmaceutical firms’ operating profit nosedives 46% in 1Q
Korea’s 54 pharmaceutical firms saw their earnings plunge 45.9 percent during the first quarter, even before a government-mandated price cut came into effect, data showed on Monday.
According to the data compiled b...
14 smaller drug makers’ earnings halves in 1Q
Influenced by the government’s intensive campaign to prevent illegal kickbacks, 14 smaller companies with less than 100 billion won in sales saw their earnings shrink almost 50 percent in the first three months of fis...
