All Type of News
Government urged to re-categorize drugs carefully
The government should re-categorize medicines in such a manner to reduce customers' inconvenience in buying drugs and strengthen monitoring of drug use, according to Rep. Choi Kyung-hee of the ruling Grand National Pa...
National labor union seeking public hearing over drug price cuts
The Federation of Korean Chemical Workers’ Union (FKCU) said Friday that it will seek to hold a public hearing at the National Assembly as part of its plan to review the government’s “ill-conceived” plan to cut drug p...
Competition stiff for prescription drugs market
Multinational pharmaceutical firms are stepping up their marketing in domestic hypertension, hyperlipidemia, diabetes and hepatitis B markets, according to marketing sources.
In hypertension market, Novartis’s Diov...
Pharmaceutical companies stash cash as outlook stays gloomy
Publicly held drug firms in Korea are holding sizable amounts of cash – an indication that they are growing more pessimistic over the outlook for future growth, according to Yakup.com.
Yakup.com said that the cash ...
Regional authorities bet on biotech
Biosimilars are widely seen as a new engine of Korea’s economic growth. The market for the industry is projected to grow to $14.3 billion by 2015, especially after 2013 when patents for major innovator pharmaceuticals...
Conflict escalates over corporate restructuring
Labor unions and management of pharmaceutical firms are expected to clash over the layoff plans.
The Federation of Korean Chemical Workers’ Union said Friday that it will organize a consultative body consisting of ...
New drug pricing policy is ineffective
The government on August 2 unveiled a set of plans to cut generic drug prices by up to 33 percent starting next year, prompting fierce protests from pharmaceutical companies.
The new measures will bring down the pr...
US NIH allocates additional funding to develop pyrimidinedione product as an anti-HIV drug
The US based ImQuest Pharmaceuticals Inc., a strategic partner of Samjin Pharmaceutical Co., has rectntly received an additional funding of $2.3 million from the National Institute of Allergy and Infectious Disease (N...
Getting a job at pharmaceutical gets thinner
October is expected to be the most crucial season for job hunters, as a number of pharmaceutical firms that have recruitment plans like other industries are scheduled to employ new workers in the second half of this y...
New health minister to meet pharmacists
New health and welfare minister Lim Chae-min, a veteran economic bureaucrat, said Monday that he will have a meeting with executives of the Korean Pharmaceutical Association to discuss a way to cut the inconvenience o...
