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Wholesalers call for existence of unified distribution system
The government’s plan to scrap the controversial unified distribution system will deal a serious blow to domestic wholesalers, as they have so far focused on consolidating and expanding the nation’s logistics infrastr...
Health ministry urged to promote establishment of joint distribution center
Korea needs to push the projected joint distribution center prior to lifting the controversial unified distribution system, the Korea Pharmaceutical Wholesaler Association (KPWA) said on October 25.
According to KP...
Wholesalers to face penalty over illegal storage of drugs in hospital
Pharmaceutical wholesales who intend to preserve some drugs in hospital will subject to administrative dispositions from December 1 this year, according to the Ministry of Health and Welfare.
Under the current regu...
Choongwae Holdings to lower debt level
Choongwae Holdings said on October 25 it would aim to lower its debt level significantly this year compared to last year.
Heavy debt has been cited by analysts as the biggest burden to distract Choongwae's plan of ...
Health minister triggers concerns over unified distribution system
Will Minister of Health and Welfare Chin Soo-hee push the scrapping of the controversial unified distribution system?
During a parliamentary audit to the Ministry of Health and Welfare on October 22, Chin said the ...
Health minister opposes extension of unified distribution system
Minister of Health and Welfare Chin Soo-hee affirmed her position to scrap the unified distribution system at the end of this year without further extension.
In a recent parliamentary inspection, Chin said the mini...
KFDA to get tough over DMF system
From January 2011, local importers of bulk materials will be obliged to gain a prior written approval from original manufactures of the corresponding bulk materials, when they are to additionally notify to the Korea F...
Government urged to inspect pharmacy-prescribed drugs
A lawmaker said that the government should investigate the status of pharmacy-prescribed drugs in regions where the system of separating drug dispensing from medical practice is not applied.
In a parliamentary insp...
Ahngook opens cGMP plant
Ahngook Pharm has recently started operation of a new cGMP (current Good Manufacturing Practice) plant in Hwasung, Kyunggi Province, which will produce 35 billion won worth of pharmaceuticals in solid and liquid forms...
Abbott Korea’s returned goods policy sparks criticism
After Abbott Korea having expressed its intention to withdraw Reductil (sibutramine), a weight loss pill, from the local market, concerns have risen over its insincere policy of the corresponding returned goods.
In...
