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More firms opt to recruit R&D personnel
Korean companies are concerned by the potentially significant impact of the government’s plan to cut drug prices by an average of 17 percent starting next year, which have caused them to tighten their belts on their o...
Korea ranks low among OECD nations in overall drug spending
Korea ranked low among 30 Organization for Economic Cooperation and Development (OECD) member countries in terms of medication spending, the Korean Pharmaceutical Manufacturers Association said Wednesday.
Citing a ...
CJ files suit to nullify Viagra patent
CJ Cheiljedang Corp. said yesterday that it filed a lawsuit against US drug giant Pfizer's utility patent rights for Viagra, preserving Pfizer's market exclusivity on the drug into May 14, 2014.
The 2014 patent cov...
Doctors demand OTC drugs in convenience stores
Doctors demanded yesterday the National Assembly pass a bill to revise the Pharmaceutical affairs Law, designed to allow the sale of painkillers and cold medicines, including Tylenol (acetaminophen), at convenience st...
Protecting public interest top priority for Korea
It is disappointing that some lawmakers represent certain groups’ interest without considering measures to minimize consumer inconvenience and the protection of public interest is a top priority for the country if it ...
KCCI calls for sale of OTC drugs at convenience stores
The Korea Chamber of Commerce and Industry (KCCI) has recently issued a report supporting the sales of non-prescription drugs at convenient stores.
According to the data, over-the-counter (OTC) drugs are widely ava...
New outlets for medicines receive mixed reactions
The government is set to submit a bill to the National Assembly to make cold medicines and fever reducers available at supermarkets and convenience stores. Currently these products are sold only at licensed drug store...
New dosage form of montelukast approved by KFDA
SK Chemicals said Tuesday that it has received the market authorization of montelukast ODF (oral disintegrating film) from the Korea Food and Drug Administration.
Montelukast is a leukotriene receptor antagonist (L...
Clinical trials are underway for 19 new drugs
Hana Daetoo Securities Co. says that Korea’s leading drug firms have carried out a total of 19 clinical trials abroad to develop new drugs.
SK Chemicals have led the other firms with 7 cases of clinical trials, fol...
Drastic price cut will weaken Korea’s R&D capability
The Korea Pharmaceutical Manufacturers Association said Monday that a drastic price cut would make domestic drug producers unable to invest in research and development (R&D), which is persuasive, given that they canno...
