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Court rejects MSD Korea’s suit against FTC
A Seoul court rejected MSD Korea request to cancel the fines imposed by the Fair Trade Commission.
The Seoul Central District Court ruled Thursday that the fines for illegal provision of rebates to hospital procure...
Pharmacy managing dispensing fee postponed
The government has put off the announcement of its draft to readjust the controversial pharmacy management/dispensing fee, but decided to hold further consultation talks with pharmacists' groups, officials said.
In...
Korea to promote biopharmaceutical industry and medical tourism
The government Thursday pledged to promote the bioengineering industry and medical tourism, aiming to nurture as the nation’s core growth engines.
In economic ministers meeting presided by President Lee Myung-bak, ...
Competition to get heated over fentanyl patch market
Daewoong Pharmaceutical and Sandoz Korea are poised to step up their marketing in the fentanyl transdermal therapeutic systems market, which has been so far dominated by Janssen’s Durogenic.
Daewoong is expected to...
Price of Plavix to be reduced by 20%
Plavix, one of the leading blood thinners, will be reduced by 20 percent for the next three years, together with other flagship products, the health ministry said Monday.
Other leading items that are subject to pri...
Small wholesales eye establishment of drug distribution cooperative
Small- and medium-sized pharmaceutical wholesalers plan to set up their drug distribution cooperative as part of efforts to increase their roles in the local logistics industry, according to the Korean Pharmaceutical ...
Health insurance covers Torisel
From June 1, patients with advanced renal cell carcinoma (RCC) may be reimbursed by national health insurance, when they are treated with Wyeth’s Torisel (temsilorimus).
Wyeth Korea said Tuesday that Torisel will b...
Shinpoong’s GMP plant gets Europe’s approval
Shinpoong Phamaceutical’s new GMP plant for production of antimalarial drugs is gaining international certification.
The company said it received a final EU-GMP certification from the European Medicines Agency (EMA...
Concerns growing over downward trend of drug pricing
With the government’s relentless price cuts of drugs, there is widespread consensus in local industry that Korean drug manufacturers will not afford to spend their money on the development of new drugs.
The health ...
4,000 pharmacies to open at night
4,000 pharmacies will be able to open till 12:00 at night through a night shift system, the Korean Pharmaceutical Association said Tuesday.
The night shift system will be available between 6 p.m. and 12 p.m. during...
