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Market share of Korean firms likely to fall
Prospects have been grim for Korean firms, as they are getting pressed by multinationals' increasing market presence and the government's pressure to lower drug costs.
Generic drugs have long been the competitive ...
Pharmacist favor delay of payment
The payment period at pharmacy is likely to be delayed under the new drug reform plan.
Under the dual sanction system to punish pharmacists or doctors who receive kickbacks, pharmacists are inclined to delay their ...
Lee Kwan-soon named as Hanmi’s president
Hanmi Pharmaceutical Co. Tuesday named Lee Kwan-soon, incumbent R&D chief as its new president.
The appointment comes after ex-president Lim Sun-min offered to resign due to poor performance in sales this year.
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Hanmi sets eyes on European markets
Hanmi Pharmaceutical Co. is going all-out to make inroads into European countries as its clopidogrel drug has been recently approved by the Medicines Healthcare products Regulatory Agency (MHRA) in UK.
“We will ram...
KFDA to set up new guideline for selection of control drug
The Korea Food and Drug Administration plans to draft a new guideline for control drugs used in bioequivalence testing, dissolution testing and physiochemical testing as part of efforts to clarify the selection criter...
Drug Utilization Review system to be expanded nationwide
The government is considering expanding the current Drug Utilization Review (DUR) system nationwide, possibly within December 2011. The system will also cover over-the-counter drugs.
The Ministry of Health and Welf...
Pharmacists at crossroads over rebate ban
Since the two-way sanctions guideline aiming to punish rebate takers and givers takes effect from November 28, pharmacists are standing at crossroads in dealing with wholesalers.
Under the new guideline, pharmacist...
Korea to upgrade drug compendium
The Korea Food and Drug Administration has upgraded a variety of local drug compendiums, including Korea Pharmacopoeia (KP), to the international level as the harmonization on the international specification standards...
Amway seeking to collaborate with Korean firms
Amway, the global direct selling giant, is striving to come up with a pair of products, possibly functional foods and cosmetics, based on Korea's cutting-edge technologies by 2012 under a scheme dubbed the “Open Innov...
License system for toll manufacturing medicines triggers debate
The government has approved the license of locally produced drugs by toll manufacturing, when an applicant without GMP facilities intends to make an application of new drugs which have not been available in Korea.
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