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Zuellig Pharma Korea, JW Pharma sign deal to sell cosmetics
Zuellig Pharma Korea said Wednesday it established a marketing and distribution partnership with JW Pharma.
Under the deal, Zuellig will be in charge of selling JW goods at drug stores nationwide using its extensiv...
Government, Alexion spar over Soliris
The Korean government and Alexion Pharmaceuticals, the drug maker that exclusively manufactures Soliris (eculizumab), are walking a tightrope not to irritate each other, but their conflicting needs continue to put the...
Output of functional foods grows 28.2% in 2011
Korea's total output of functional foods grew 9.6 percent on-year in 2011 thanks to surging demand from aging population and keen interest in self-health care, data showed Wednesday.
Production of functional food h...
Industry fights against drug price cuts
Seven drug makers, including Dong-A, Ildong and Hanmi, have filed an injunction and annulment suit against the Ministry of Health and Welfare, claiming it threatens the business environment as rebate related cuts in t...
Prosecutor to probe illegal drug rebates by next March
The prosecution will continue to crack down on illegal rebate activities in the drug industry by March 2013 as more intensive investigation has become necessary to uproot the unethical rebate practice, according to a ...
Government squeezing drug firms
The price of pharmaceuticals prescribed by doctors fell by 14 percent on average from April 1.
The prices of 6,506 varying types of medicine, 47.1 percent of the total 13,841 drugs that are covered by medical insur...
Fierce competition to be seen for next generation oral anticoagulants
Multinational pharmaceutical companies are stepping up their marketing in the domestic market of oral anticoagulants replacing warfarin as mainstay therapy, which is forecast to become more competitive than even, acco...
Korea eyes $3.2 billion in 2012 drug exports
Korea will seek to sharply increase its export goal for pharmaceutical goods in 2012 through a variety of promotion measures, a trade group said Monday. Pharmaceutical goods include drugs, medical supplies, raw materi...
Pharmaceutical firms fared worse in 1Q
Korea’s major pharmaceutical firms saw their earnings decline 43 percent for the first quarter of this year due to hurried disposal of drug inventories ahead of government-mandated cuts in drug prices in April 1.
A...
Health ministry to select 20 OTC drugs
The Ministry of Health and Welfare has recently unveiled its plan to form a committee of doctors, pharmacists, civic group members and consumers within this month to decide on 20 over-the-counter drugs to be sold at 2...
