News About: Pharm. Industry
Antidiabetic market getting heated
Competition is about to heat up in the domestic antidiabetic market, as more and more new medicines for diabetes are lining up side by side with dominant imported drugs.
Since GlaxoSmithKline (GSK) introduced its ...
Samil exclusively to distribute UCB Korea prescription drugs.
Samil Pharmaceutical company will distribute all UCB Korea prescription drugs in Korea according to the logistic and distribution agreement between Samil and UCB Korea dated on Aug. 31.
The agreement shall be renew...
Thomas Wegmann named Wyeth Korea presidentWyeth Korea's vice president, Thomas Wegmann, was appointed as the company's new president on September 1, a company spokesperson said.
A graduate of a German university in 1...
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Novarsc business down while its modified generic up.
The amlodipine drug market has been substantially transformed in which the original product business turned down while the sales of its modified generic version showed ever rising trend. This market also encountered a...
U.S. seeks patent protection for drugs, experts say
Domestic experts claim that the oncoming Korea-U.S. negotiations on free trade accord will mainly focus on the U.S. demand for more transparency in the Korean government's process of selecting the drugs eligible for t...
Koreans spends 5 trillion won for complementary and alternative medicines
The domestic market for complementary and alternative medicines (CAM) is estimated to hit about 5 trillion won annually, riding on the well-being wave, a trend in which people are placing top priority on keeping in go...
Industry experiencing difficulties with delayed drug registrations.
Most of local pharmaceutical companies have experienced difficulties in marketing activities because of the KFDA's registration delay of generic drugs in consequence to the bio equivalency test scandals.
The Yakup ...
Wholesaler bankruptcy is still high
The number of insolvent wholesalers has been still increasing as of August 28 with a similar trend of last year as many wholesalers are unable to repay their borrowings amid a sluggish domestic economy, according to Y...
President Kang Bail-hee of Wyeth Korea retired.
As of Aug. 31, the top executive of Wyeth Korea, Mr. Kang Baik-hee, will retire and continue his advisory role up to the end of this year.
Mr. Kang was born in 1939 and graduated from Yonsei Univ. majoring politica...
Koreans work 8 years in one company
Employees of listed companies in Korea work the same job for an average of eight years, which reveals that Korean workers change workplaces more frequently than in the past.
Workers in the pharmaceutical business ...
