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Pharmaceutical companies’ average operating profit edge down
Domestic drug firms in Korea saw their average operating profit edge down last year from a year earlier, according to Yakup.com, a pharmaceutical information company.
The operating profits of 52 pharmaceutical comp...
Government holds public hearing over selection of innovative pharmaceutical companies
The government held a briefing for the interested companies on the designation of innovative pharmaceutical firms, the Ministry of Health and Welfare said Wednesday.
In the public hearing where 300 industry officia...
U.S. seeks patent protection for drugs, expert say
The controversial patent linkage system is aimed at delaying the market organization of a drug to protect the interests of U.S. drug makers in the Korean domestic market under the Korea-U.S. free trade agreement (KORU...
KORUS FTA takes effect from today
From today, the free trade agreement between Korea and the United States (KORUS FTA) goes into effect on March 15, six years after the two countries kicked off talks on the trade pact in June 2006.
Trade Minister ...
Smaller pharmaceutical firms’ sales up, profitability down
A total of 17 pharmaceutical firms listed on KOSDAQ market saw their revenues and operating incomes increase on-year 2011. But their ability to generate cash from a variety of operating activities fell 16 percent on w...
Korean Drugmakers at a Crossroads
Many experts say that coupled with the government’s plan to slash insurance drug prices, the country's medicine business is standing at a crossroads as the free trade pact between Korea and the United States takes eff...
KPMA unable to agree on joint legal action against government drug pricing reform
The Korea Pharmaceutical Manufacturers Association Wednesday adjourned with no agreement on how to respond to the government’s plan to slash drug prices next month.
The association called in its 70 member companies...
Yuyu to supply osteoporosis combination drug to Thailand
Yuyu Pharmaceutical Co. Ltd. said Wednesday that it will make the first shipment of Maxmarvil tablets, the world’s first new combination drug containing alendronate, to Thailand following execution of the distribution...
70% of pharmaceutical firms fared worse in 2011: Data
Twenty five of the nation's leading 35 drug firms performed worse last year than in 2010, as the government punished both distributors and medical personnel if the latter is found to have received a “rebate” or kickba...
Fixed medical fees to be planned for 7 surgeries from July
The Ministry of Health and Welfare said yesterday it will enact a bill to legislate the government’s plan to fix medical fees for seven procedures around July 1 as planned.
The seven treatments are caesarian sectio...
