News About: Pharm. Industry
Drug ads layout in 2002 hit snag
The number of drug ads layouts was greatly declined to 18 cases in December of 2002 from 33 cases in the same period of last year, according to a drug ads layout committee of the Korea Pharmaceutical Manufacturers Ass...
Novartis to rebrand 14 generic companies as Sandoz
Switzerland-based Novartis, the third largest multinational firm, unveiled on January 21 plans to unite its 14 Generics company brands under a single global umbrella name, Sandoz .
All Novartis Generics companies...
Pfizer agrees to sell Schick unit to EnergizerPfizer Inc. announced on January 21 that it has agreed to sell its Schick-Wilkinson Sword Shaving Products Business for $930 million in cash to Energizer Holding Inc., battery a...
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CML patients prefer to import generic products of Glivec
Informed sources say that chronic myelogenous leukemia (CML) patients will brace for another method of purchasing the copy products of Glivec, as the Ministry of Health and Welfare said on January 21 that it has set t...
Administrative litigation on unfair reimbursement price reduction
Pharmaceutical business sources say that the third-round administrative litigation designed to invalidate some items for which reduction in reimbursement price was unilaterally made by the government, will be first ex...
Korea BioCenter to be opened in Scotland during January 2004
The Korea Pharmaceutical Manufacturers Association and Korea Health Industry Development Institute (KHIDI) held on January 16 a joint symposium on the mutual cooperation of bioindustry between Korea and Scotland and e...
Dong-A Pharm to introduce Qvar under exclusive licensing agreement with 3M
Dong-A Pharm said on January 13 that it singed with 3M of the United States an agreement for the exclusive marketing in Korea of Qvar (beclomethasone dipropionate ), a metered dose inhaler (MDI).
Using an innovati...
Pharmaceutical firms wary of drug-related pricing polices
With the next government's inception one month away, domestic pharmaceutical industry remains cautious of President-elect Roh Moo-hyun's pledges during election - drug price contract system and gross budge system, alo...
Baekjae plans to complete national wholesale networks in March.
Baekjae drug wholesaler plans to complete a nationwide wholesale network in coming March.
A member of Baekjae said on Jan. 13 "when Jeju and Yansang branches are completed, we will have a nationwide wholesale netw...
2002 turnover of foreign-invested pharmaceutical firms blunted
Business sources say that the majority of foreign-invested pharmaceutical firms experienced sluggish growth rates of turnover in 2002 over the previous year and some multinational firms plans to launch new pro...
