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Korea to join International Cooperation on Alternative Test Methods
Korea will be one of the participating countries in the International Cooperation on Alternative Test Methods (ICATM), according to the Korea Food and Drug Administration.
The KFDA established KoCVAM (Korean Center...
2,848 pharmacies to open at night
The Korean Pharmaceutical Association (KPA) said that beginning in July 19, people will be more easily able to buy medicine at night or on holidays at designated pharmacies nationwide from July 19.
The association ...
KFDA to designate propofol as narcotic
The Korean Food and Drug Administration said it will discuss whether to designate propofol as a narcotic at a special review committee scheduled for July 14, officials said.
Despite such abuse potential, propofol ...
Smoking rate of Korean males far exceeds OECD average
The rate of male smokers here has fallen over the past six months, but still remains far above any other OECD member state, according to a survey of the Ministry of Health and Welfare.
According to the survey of 3,...
Individual investors acquire 30% stake in Wooridul Pharm
Wooridul Pharm said in its regulatory filing on July 6 that a group of individual investors bought 30% stake in Wooridul Pharm to jump into hospital related business sectors.
The individual investor group, led by P...
Korean drugmakers urged to nurture marketing experts
The healthcare and biopharmaceutical industries may have been designated as two of the new growth engines for the Korean economy, but there are still faces many challenges to overcome, such as a lack of marketing expe...
Selling digestive pills at supermarket takes more time
Korea needs to allow people to buy digestion pills or cough drops at nearby drugstores or convenience stores without doctor’s prescription but it’s not an easy job for the time being, Minister of Strategy and Finance ...
Biosimilars fever hits snag
Korea’s policymakers dreamed that biosimilars are poised to exploit the opportunity arising from expiring marketing exclusivity on the leading blockbuster biologics in Korea.
However, the biologics environment is a...
Lilly Korea, Handok to copromote Cialis
Lilly Korea and Handok Pharm announced on July 12 that they entered into a letter of intent to comarket Cialis (tadalafil) in the domestic impotence market, following their strategic alliances over Cymbalta.
Cialis...
CJ, Alteogen sign MOU on human GH research
CJ Cheil Jedang and Alteogen Inc., a local biopharmaceutical firm signed a memorandum of understanding on July 9 to collaborate on joint projects and on the research and development of a novel human growth hormone (GH...
