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Hanwha Chemical undertakes phase 1 trial for generic Embrel

Hanwha Chemical Co. said it has succeeded in conducting Phase 1 local trials for its generic Embrel with positive results. The company has a plan to conduct the next clinical trials in cooperation with its affiliat...

KFDA reviews procurement system of ginkgo biloba extracts

The Korea Food and Drug Administration has begun to review the procurement systems for ginkgo biloba extracts imported from China, a source said recently. The drug agency has conducted an on-the-spot inspection of...

KFDA approves pazopanib for kidney cancer

The Korea Food and Drug Administration said on August 11 it has approved Pazopanib tablets (Votrient, GlaxoSmithKline) for the treatment of patients with advanced renal cell carcinoma. Pazotinib is a potent and sel...

Number of working pharmacists up 478 in first half

The Health Insurance Review Assessment and Service said on August 18 that a total number of pharmacists working for medical institutions and pharmacies in the first half of this year were 32,308, up 478 compared with ...

Korean Drug sets up joint venture

Korean Drug and BRC have joined forces with Australia based Medinc Co. to set up a joint venture company called “Reach 100 Plus N,” it was learned on August 17. The newly established company is aiming to market ant...

Drug-related administration to be reformed

The Korea Food and Drug Administration has announced that a series of measures have been adopted to reform drug-related administration and thus ensure transparency in screening drug-related applications. The KFDA i...

Major pharmaceutical firms hit by sluggish sales in July

The local market volume for prescription drugs n July this year marked 781.4 billion won, up 0.3 percent from the same month of last year, according to market analysts. The figure was the lowest since October 2008. ...

Pharmaceutical firms want OTCs in supermarket

There is an increasing trend that pharmaceutical companies have launched its task force to tap the possibility of selling over-the-counter drugs in supermarket. “We are always ready for supermarkets’ marketing of O...

HIRA designates 72 high-priced medicines

The Health Insurance Review Assessment and Service said on August 16 it has additionally designated 72 drugs whose prices are deemed expensive in the last quarter. These drugs include Pfizer’s Norvasc 10 mg and Lip...

Why do people favor natural vitamin?

Controversy over natural vs. synthetic vitamin is still growing and customers think natural vitamins are more beneficial than synthetic ones due to heated marketing campaign by Yakurt. In fact, manufacturers of nat...

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