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Prices of 131 drugs to be reduced from October
The Ministry of Health and Welfare announced Thursday that the insurance prices of 131 medicines from seven drug makers will be reduced by 20 percent from October due to unlawful drug marketing activities.
The gove...
Biopharmaceutical symposium launched
The Korea Biopharmaceutical Association (KBA) said Thursday that it held a local symposium on Globalization of Biopharmaceuticals” to mark its founding anniversary on July 1.
A total of 42 member companies, includi...
Doctors demand more OTC drugs at supermarkets
Doctors demanded yesterday the government revise the law to allow convenience stores and supermarkets to sell more over-the-counter (OTC) medicines.
“We will only talk to the health ministry when they’re ready to r...
48 medicines to be sold at supermarkets from Thursday
Forty-eight health products previously requiring prescription will be available at supermarkets and 24-hour convenience stores nationwide from Thursday, the Ministry of Health and Welfare said Wednesday.
The produc...
Multinational firms opposing new drug pricing policy
The government’s controversial policies to cut drug pricing have been criticized by multinational drug manufacturer here as “rationale-lacking ones.”
The Korean Research-based Pharmaceutical Industry Association (K...
Korean drugmakers’ administrative expenses rate hovers at 36% on average
The domestic industry’s average marketing and administrative expenses rate over gross sales stand at 35.6 percent, reflecting little difference compared with that seen in multinational companies (32.7 percent), accord...
Sandoz Korea, CJ to co-market fentanyl patch
Sandoz Korea and CJ Cheil Jedang Wednesday announced that the two companies have signed an agreement to co-market fentanyl patch, which is used for relief of moderate to severe pain.
Approved by the Korea Food and ...
Green Cross signs MOU to export blood fraction plant technology to Thailand
Green Cross Corp. signed a memorandum of understanding Tuesday to export its plant technology for blood fraction products to Thailand, a company official said, a deal that will mark the first time for the country to e...
Renowned OTC medicines to be available at supermarkets
Forty-eight health products previously requiring prescription will be available at supermarkets and 24-hour convenience stores nationwide sooner or later, the Ministry of Health and Welfare said Tuesday.
In a brief...
Dong-A drooling over future profits of Bacchus-D
Among the 48 medicines to be liberalized, the most popular is Bacchus-D, industry observers say.
Sales of Bacchus-D in 2010 were approximately 128 billion won, said its manufacturer, Dong-A Pharmaceutical, account...
