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Medical organizations promise to clean house
A total of 13 health-related organizations, including the Korean Hospital Association, will pledge to improve unethical business practices in the pharmaceutical industry by declaring the launch of a compliance program...
Dong-A licenses Zydena to Meiji Seika
Dong-A Pharmaceutical Co. Monday announced the signing of an licensing-out agreement with Meiji Seika Pharma, granting Meiji exclusive rights to develop and commercialize Dong-A’s phosphodiesterase-5 inhibitor Zydena ...
CJ, VaxInnate to join forces in flu vaccine production
CJ CheilJedang Corp. announced Monday that it has signed an exclusive licensing agreement with the U.S. based VaxInnate Corporation, a privately-held biotechnology company, granting a license to CJ to manufacture, dev...
Korea drug firms urged to utilize exceptional clauses of patent linkage scheme
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...
FSS to introduce new cut card fee system
The Financial Supervisory Service, the nation’s top regulator, is considering implementing a powerful restructuring program for plastic card companies in order to curb what they are calling unreasonably high plastic c...
Laboratorios Cinfa to open Korean branch
Laboratorios Cinfa, S.A., a pharmaceutical company in Spain, plans to set up its Korean unit in the first half of next year, according to Lee Ju-chul, former marketing director of GlaxoSmothKline, who has been named a...
Cataracts rank first on 2010 surgery list
Cataracts were the most frequently cited illness causing Koreans to visit the surgery room last year, the National Health Insurance Corp. (NHIC) said Sunday.
A total of 1.48 million individuals received one of 33 t...
Hanmi signs deal to transfer platform technology to U.S. drug maker
Hanmi Pharmaceutical Co. signed Friday a $34 million deal with New York based Kinex Pharmaceuticals to transfer its ORASCOVERY, the platform technology that enables the development of orally available drugs.
Hanmi ...
Functional dyspepsia drug market getting heated
The domestic market of functional dyspepsia drugs is forecast to become more competitive than ever next year, with Dong-A Pharmaceutical that sees opportunities in the field where 20 leading drug makers have been stru...
Massive price cut plan will slash 13,000 jobs
A local university professor expressed concern about the country’s pharmaceutical industry.
In a local forum organized by Rep. Yang Sung-jo and the Federation of Korean Chemical Workers’ Union , Professor Kim Yang-...
