All Type of News
Hectic year forecast for M&As in wholesaling industry
The mergers and acquisitions in the domestic wholesaling industry are expected to heat up this year as the National Assembly Friday passed a bill that obliges a wholesaler to arrange a warehouse with a space of at lea...
Government to help 41 Korean healthcare companies make inroad to US market
The Ministry of Health and Welfare has recently unveiled its plan to support a total of 41 health and cosmetic companies in order for them to advance into the U.S. health technology (HT) market.
The “Columbus Proje...
Two drug makers sanctioned for non-obligation of GMP standards
The Korea Food and Drug Administration says it notified MSD Korea and GSK to have two companies suspend the importation of Cozaar Plus-F tablets and Lamictal tablets, respectively, for one month (from May 14 to April ...
Impact of FTAs on pharmaceutical industry
The free trade agreement with the United States and European Union will have a different impact across industries based on the final tariff agreement.
However, the domestic pharmaceutical industry will likely exper...
Novartis wins lawsuit against government
A Seoul Court ruled that the Ministry of Health, Welfare and Family Affairs should withdraw the decision to lower the price of Glivec, Switzerland based Novartis’s leukemia drug by 14 percent in September 2009.
In ...
Hanall loses in lawsuit
Hanall Pharmaceutical lost in a lawsuit the company filed against Baxter Korea for extending the distribution agreement of the latter’s amino acid infusion, which expired on December 31, 2010.
The Seoul District Co...
Government to spend 1.2 trillion won to strengthen local health and medical industries
The successful conclusion of free trade pacts between Korea, the European Union as well as the United States is expected to hurt the domestic pharmaceutical, cosmetic and medical device industries as the import tariff...
Health ministry mulls global budget payment system in phases
The Ministry of Health, Welfare and Family Affairs said Thursday it is considering implementing the global budget system that had never been practiced in this country before.
In a recent forum, the health ministry ...
Most pharmaceutical firms sweating over 2011 sales target
A majority of Korean drug companies are struggling to boost their sales this year, industry sources say.
The sources say the performance of Korean pharmaceutical companies have been and will be significantly affect...
Drug makers to face more business suspension
Pharmaceutical companies, which are found to violate the current regulations, will be subject to more halts of business operation instead of financial penalty from the middle of this month, according to the Korea Food...
