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FTC to get tough on rebate
The Fair Trade Commission said it will look into any illegal rebate practices based on a revised version of fair trade rules on drugs, which take effect from December 20.
The rules are aimed at to ban the provision...
Pharmaceutical companies to shun direct transaction with pharmacy
Influenced by the government’s anti-rebate policy, a number of pharmaceutical firms are moving forward to hospital markets, while shunning away from pharmacy market.
What has turned pharmaceutical companies around?...
Lilly Korea set sales target of Cialis 5 mg at 10 billion won
Lilly Korea, the U.S. based multination drugmaker’s Korean branch, said it has set its sales target of Cialis 5 mg at 100 billion next year, according to the company Friday.
Lilly Korea said that it held a year-end...
Wholesalers urged to set up consultative body for fair trade
There are growing voices in industry that wholesalers will have to establish its own consultative committee to abide by the fair trade code.
“Among other things, efforts for self-purification are needed to root out...
Plans to allow prescription drugs ads face criticism
Controversy is escalating over the state broadcaster’s plan to allow the domestic mass media to advertise prescription drugs, hospitals and mineral waters next year.
In its briefing to President Lee Myung-bak on Fr...
Civic group opposes DTC advertising of prescription drugs
The Korean Federation of Medical Groups for Health Righst (KFHR) is opposing the proposed direct-to-consumer (DTC) advertising of prescription drugs by the Korea Communications Commission (KCC), calling on the KCC to ...
Wholesalers on alert over drug bidding of Samsung Medical Center
A friction between drug wholesalers and a pharmaceutical firm has been on the surface over the drug bidding of Samsung Medical Center due tomorrow.
In the process of reviewing the estimated drug prices, the drugmak...
Wholesaler’s plan to establish pharmacy triggers protest
A pharmaceutical wholesaler plans to establish his own pharmacy in Seoul, but the plan has drawn a strong protest from pharmacies adjacent to a large hospital.
A total of eight pharmacists who run their pharmacies ...
KFDA picks 40 active ingredients to prevent concomitant administration
The Korea Food and Drug Administration said Friday it has additionally selected 40 medical ingredients which should not be mixed with others, or has safety problems and age limitations.
If doctors still want to pre...
Pharmaceutical firms to speed up M&A
The local pharmaceutical industry will undergo a major transformation next year as tightening regulations and uphill competition lingers on, according to industry analysts.
Korean pharmaceutical companies will spee...
