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Large drug makers scrambling to increase R&D spending

Major pharmaceutical firms seek to expand their corporate investment in research and development (R&D) as part of efforts to be selected in one of innovative drug firms. The Ministry of Health and Welfare unveiled ...

Green Cross overtaken by Daewoong in 2011 sales rank

Daewoong Pharmaceutical has finally overtaken Green Cross Corp. in 2011 revenue, pushing the latter down to the third place. According to Yakup.com, Daewoong posted revenues of 711.1 billion won last year, while Do...

1 in 6 Korean adults suffers from metal disorder

One in six Koreans has experienced mental disorder over the past year, the Ministry of Health and Welfare said Wednesday. According to a survey of 6,022 people nationwide aged between over 18 and 74, which was cond...

Medical bills fixed for 7 treatments from July

Beginning July, medical fees to cover the treatment of seven diseases will be fixed and covered by the national health insurance scheme, the Ministry of Health and Welfare said Wednesday. The seven treatments are c...

Hwang to head wholesale body

Hwang Chi-yeob, was elected president of the Korea Pharmaceutical Wholesaler Association on February 15, the KPWA said Wednesday. Hwang, who pledged to ensure more proper wholesaler margin and deal with the controv...

KIPO to offer patent related consulting service for smaller drug markers

The country’s pharmaceutical companies face tough times ahead with the new Korea-U.S. Free Trade Agreement poised to strengthen patent rights for U.S. drug giants, heaping strain on the generic-focused Korean industry...

Government urged to allow patients to buy at hospital

The Korean Hospital Association called on the government to allow hospitals to sell prescription drugs. In a symposium held on Wednesday, the association said that about 2.7 million members from 629 hospitals joine...

National health insurance should cover new anti-platelet drug, says professor

To reduce the mortality rate of thrombotic cardiovascular (CV) events within 12 months in patients with acute coronary syndrome (ACS), the national health insurance needs to cover Brilinta (ticagrelor), a new platelet...

OTC drugs may be available at convenient stores from August

Customers will be able to buy 20 non-prescription drugs, such as those to help relieve headaches and minor indigestion that are classified as so-called over-the-counter drugs and sold in general stores in many other c...

New outlets to be available

The government is busy arranging 20 over-the counter (OTC) drugs, such as cold medicines and analgesics, to be available at 24-hour convenient stores from August. A parliamentary health subcommittee on Monday appro...

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