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Pharmacy owner, customer square off over pricing of OTC medicines
The conflict is being frequently rekindled between pharmacists and customers over the retailed prices of restriction-free, over-the-counter (OTC) drugs.
Major discount stores began selling over-the-counter (OTC) dr...
Hanmi fosters green management culture
Hanmi Pharmaceutical Co. is taking the lead in local drug firms’ green drive by releasing six environment-friendly OTC and health products in a single package form.
The move was designed not only to support the gov...
Cell Biotech files Korean patent application for osteoporosis treatment
Cell Biotech said Tuesday it has filed a local patent application for treatment of osteoporosis.
The new drug called “Duocal” contains three species of probiotic Lacto Bacillus - Lactobacillus paracasei (LPC4), Lac...
Rebate-providing drugmakers to face second drug price cut
The Ministry of Health and Welfare plans to slash the prices of drugs involved in providing or receiving unfair kickbacks following the first price cuts on July 22.
“The price cuts of blacklisted medicines will be ...
KFDA to set up task force to reclassify 39,000 drugs
The Korea Food and Drug Administration decided Monday to form a task force in order to efficiently and objectively reclassify officially approved 39,254 medicines within this year.
It will be composed of 30 special...
Government to create third category of medicines
Pharmacists, doctors and officials representing civic groups agreed to create the third category of drugs in addition to prescription and over-the-counter drugs during a meeting of a subcommittee meeting of the Centra...
4 prescription drugs to be reclassified into OTC medicines
The Korea Food and Drug Administration decided Monday to reclassify four prescription drugs into over-the-counter medicines that may be sold at pharmacy only – Ranitidine tablets 75 mg, hyaluronic acid eye drops, Famo...
KFDA to increase more manpower
In order to thoroughly assure food safety, the Korea Food and Drug Administration plans to hire 411 new civil servants beginning in 2012.
According to the Ministry of Public Administration and Security in charge o...
KORUS FTA to hurt pharmaceutical sector
A report released by the Ministry of Strategy and Finance said Korea's pharmaceutical sector could lose 68.6 billion in production for every year if a U.S.-Korea free trade agreement goes through.
The estimated los...
Health minister reaffirms revision of pharmaceutical affairs law
Health Minister Chin Soo-hee said Friday that she would push for revision of the Pharmaceutical Affairs Act in an effort to ease the inconvenience of purchasing over-the-counter (OTC) medicines, but the detailed scope...
