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Will Health minister-nominee push industry-friendly policies

All eyes in the industry are now on President Lee Myung-bak's nominee for health and welfare minister in the recent cabinet reshuffling, who is expected by many experts to be more market-oriented than her predecessor,...

Joint/commissioned bioequivalence testing policy has pros and cons

Some pharmaceutical companies are eagerly pursuing the independent conduct of bioequivalence testing to improve their global competitiveness. But other companies said the controversial joint and/or commissioned bio...

Blue chips over ubiquitous healthcare business

Inspired by a better outlook for the local ubiquitous healthcare, many manufacturers involved in the medical devices and technologies sector are emerging as “blue chips” for domestic and foreign investors. These en...

Crestor approved for reduction of cardiovascular risk

The Korea Food and Drug Administration has recently approved Crestor (rosuvastatin calcium)) tablets of AstraZeneca to reduce the risk of stroke, myocardial infarction, and arterial revascularization procedures in ind...

Pharmacies in Chongro District to open at night for 365 days

From August 9, people will be more easily able to buy medicine at night through the year at designated pharmacies at Chongro District. The Chong Chapter of the Korean Pharmaceutical Association said a total of 30 p...

Green Cross ranks first in per capita productivity

The labor productivity of major domestic drug manufacturers created by per worker increased sharply in the first quarter of this year, according to data released by market analysts. Green Cross Corp. topped the lis...

More R&D investment and globalization is daunting challenge for Korea

The Korean government’s new drug pricing policy and crackdown on rebates is ultimately designed to encourage domestic drug manufacturers to invest in R&D for the development of new drugs. According to government da...

Wave of multifunctional cosmetics hit shelves

The wave of functional cosmetics, which function anti-wrinkle, whitening and ultraviolet protection, is expected to continue, as marketers are realizing that today's consumers want more than the raw product. Accor...

Rep. Chin Soo-hee nominated as Health Minister

President Lee Myung-bak nominated Chin Soo-hee, a second-term lawmaker of the ruling Grand National Party (GNP), as his new health minister on August 8. The President also replaced five other Cabinet ministers and ...

AstraZeneca PLC appoints new CEO in Indonesia

AstraZeneca announced that Lee Won Bae, incumbent executive managing director of AstraZeneca Korea, is to work for AstraZeneca Indonesia, with effect from August 15 2010. He joined AstraZeneca Korea in 2005 after s...

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