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Dong-A sales rise, operating profits drop
Stimulated by robust Bacchus-F, OTC version of popular Bacchus-D drink, Dong-A Pharmaceutical posted 241.9 billion won in revenue for the July-Sept. period, up a 14 percent increase from 212.1 billion won last year.
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6 companies for Korea Drug Logistics Cooperative to be selected
Organizers of Korea Drug Logistics Cooperative for small- and medium-sized wholesalers are likely to pick the preferred bidder on December 9 in their efforts to wrap up the deal as early as this year.
The organizer...
Government to expand coverage of ESD surgery
The Health Insurance Review and Assessment Service (HIRA() announced Monday that the revised guideline for endoscopic submucosal dissections (ESD), surgery used for treating early stage stomach cancer, will take effec...
Impact of KORUS FTA on pharmaceutical industry
President Lee Myung Park sent a letter to all lawmakers Thursday, urging them to pass the long-pending Korea-U.S. free trade agreement (KORUS FTA) within October.
The KORUS FTA was originally signed in 2007 to boos...
Korean drugmakers doomed to become sales agents of multinational firms
Pharmaceutical companies warned that the government’s plan to cut drug prices by an average of 17 percent starting next year will open the door for foreign dominance of domestic pharmaceutical sector.
Local players...
Returned goods headache in pharmaceutical industry
The government needs to deal with returned goods in pharmacy as retail drug prices are expected to fall about 17 percent on average beginning next year following a set of government-led reforms, market observers said....
Health ministry to appeal imaging equipment case
The Ministry of Health and Welfare said it will file an appeal against a court’s ruling in favor of hospitals over the cancellation of reduced testing machine fees.
The ministry’s decision came several days after t...
Scoliosis victims rise in teenagers
A growing number of teenagers are experiencing scoliosis, health officials said recently.
Scoliosis is a common medical condition in which a person’s spine is curved from side to side, causing the spine to appear s...
Concerns mounting over KORUS FTA bill
The U.S. Congress finally ratified the Korea-United States free trade agreement, demonstrating America’s commitment to upgrading and expanding the long-standing military alliance between the two countries to encompass...
Government urged to protect local pharmaceutical industry
Korea needs to assess the damage that its free trade deals with the United States would cause in local pharmaceutical sector in the future and map out proper countermeasures prior to passage of a bill covering the KOR...
