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Korean drug makers seeking to launch generic version of Viagra

A total of 11 Korean drug companies are poised to leap on the opportunities presented by the soon-to-be expired patent of Viagra (sildenafil citrate) – the first and the most popular prescription drug for Erectile Dys...

Government to designate 50 drug makers as innovative pharmaceutical firms

The government plans to designate 50 drug companies as innovative pharmaceutical firms at the end of this month from a total of 88 applicants, the Korea Health Industry Development Institute said Monday. By applica...

Sanofi names new execs in shake-up

The Korean unit of Sanofi-Aventis, one of the world's foremost pharmaceutical companies, yesterday promoted two managing directors as executive managing directors.in a management reshuffle. The two executives are ...

Generic Viagra makers queue up

As the main patent for Viagra, the world’s bestselling anti-impotence pill, nears its expiration, Korean pharmaceutical companies are gearing up to push generics into the market. The pharmaceutical unit of CJ Chei...

Concerns growing over safety of OTC drugs at remote areas

Consumers will be able to buy 20 over-the-counter (OTC) drugs such as cold medicine at 24-hour convenient stores from November. The OTC drug sale has been made available as the National Assembly passed a bill allow...

New KPMA head should be given full power

The Korea Pharmaceutical Manufacturers Association (KPMA) is busy finding eligible candidates for its new head as incumbent president Yoon Suk-geun has stepped out. However, chairmen from large pharmaceutical compa...

Kim to head Korean Hospital Association

Kim Yoon-soo, head of Seoul Daeyoon Hospital, was elected Friday as the 36th president of the Korean Hospital Association at the general assembly at Yoido 63 Building in Seoul. Kim will serve a two-year term as the...

51% of pharmaceutical firms keen on their drug sales related information

50.9 percent of domestic and foreign drug firms are keenly interested in acquiring specific information showing the individual sales records of their drugs in each region, the government report said Monday. Accordi...

Restructuring hitting multinational drug firms

Foreign invested pharmaceutical firms have been taking steps to reduce their workforces as they brace for lower earnings due to the government’s pressure to reduce drug prices. Three multinational firms, such as Sa...

4 largest pharmaceutical firms witness 418 percent increase in sales during decade

Korea’s ‘Big Four’ drug makers, such as Dong-A, Daewoong, Green Cross and Yuhan, have seen a whopping sales increase of 418 percent over the past 10 years, according to a report compiled by Yakup.com, a pharmaceutical...

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