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Pharmaceutical firms stash cash as outlook stays gloomy

Domestic pharmaceutical firms are holding sufficient amounts of cash – an indication that they are growing more pessimistic over the outlook for future economic and profits growth, data showed Monday. Yakup.com, a ...

Doctors’ performance should be reported every 3 years

Doctors will have to report their regular medical practices and refresher courses to the government every three years in order to get their doctor's license renewed, the Ministry for Health, Welfare and Family Affairs...

Pharmacists at a loss over cold medicine related side effects

A pharmacy has been suffering from accusations of a poor drug guidance claimed by a woman. A Busan woman who lost her eyesight after taking cold medicine has filed a compensation lawsuit against the government, the...

Pharmaceutical firms suffer decline in 2011 operating profit

Korea’s pharmaceutical companies saw their operating profits plummet in 2011 on a fiercer competition among drug makers, data showed Monday. According to the data compiled by Yakup.com, a corporate information prov...

40% of medical practitioners indebted

Polarization is taking place among local health care facilities with small-size neighborhood clinics in financial shambles as patients ignore them and visit larger general hospitals. About 40 percent of medical pra...

Government monitors pharmacy’s false claim for high-priced drugs

The government unveiled its plan to keep pharmacies claiming the reimbursement of high-priced drugs despite substitute dispensing of more reasonable drugs, the Health Insurance Review and Assessment Service (HIRA) sai...

AstraZeneca Korea names Chae hyuk new vice president

AstraZeneca Korea announced Monday that Chae hyuk, the company’s executive for personal management, had been appointed as new vice president of Asian Headquarters in AstraZeneca. Along with Chai, two executives wer...

Hanmi forges strategic tie-up with SK Biopharm

Hanmi Pharmaceutical Co. said Monday it established a strategic partnership with SK Biopharmaceuticals Co. to sell a diazepam-containing nasal spray epilepsy drug in Korea and China. Under the deal, Hanmi and its C...

Pharmaceutical firms see operating profit plunge in 2011

Most of Korea's drug makers saw their earnings fall last year amid dramatic changes in the business environment such as regulations by the government and intense competition among generic drugs, data showed Monday. ...

Korean medicines inexpensive globally

An interim study results of off-patent drugs showed that Korean medicines are inexpensive by global standards. In the 2012 International Congress of Korean Federation of Pharmaceutical Societies hold in Jeju betwee...

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