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Concurrent validation program to be necessary for Stillen and Joins generics by 2012

The Korea Food and Drug Administration says Korean firms producing a generic version of herbal medicines, such as Dong-A’s Stillen and SK Chemicals’ Joins, are obliged to perform concurrent validation program by 2012,...

Hepatitis B market on hot competition

30-odd Korean companies are going to launch a generic version of Hepsera (adefovir dipivoxil) in July, thus shedding a red light on its competitive market. Dosed as one oral 10 mg tablet, once daily, adefovir dipiv...

Financial costs for pharmacy in debate

The government’s plan to acknowledge pharmacy rebate as a official financial cost has still triggered heated controversy among pharmaceutical wholesalers. The Korean Association for Pharmaceutical Wholesaler will m...

Samsung teams up with Choong-wae

Samsung Electronics, a flagship unit of the country's top conglomerate Samsung Group, has formed a united front with Choong-wae Pharm in an effort to promote its newly developed blood-measuring device using Choong-wae...

Huons signs $5 million drug export deal

Local drug maker Huons Co. has signed a contract with an Iranian pharmaceutical company to export anti-arthritis drugs and local anesthetics. It is going to export $5 million's worth of finished drugs for the next ...

Bill to promote pharmaceutical industry approved

The National Assembly’s Health and Welfare Committee approved a revised bill to support the domestic pharmaceutical industry on June 28. The bill will be submitted to the National Assembly for approval as early as ...

Government positive about separation of drug dispensing from medical practice

The Ministry of Health and Welfare Affairs said on June 25 the current system of separating drug dispensing from medical practice has contributed to preventing the possible abuse and misuse of medicines. In a sympo...

10,681 pharmacy school applicants to take eligibility test

The Korean Association of Pharmacy Education (KAPE) said June 25 that more than 10,000 aspiring candidates had applied to the first Pharmacy Education Eligibility Test (PEET) to be held on August 29 in five major citi...

Ildong changes fiscal year

Ildong Pharm said on June 28 it has decided to change its fiscal year from March to December. During the shareholders’ meeting, officials said the company achieved 316.6 billion won in sales with net income of 31....

MSD to join hands with Jeil

MSD Korea and Jeil Pharm agreed to promote the joint marketing of Proscar (finasteride) and Andriol Testocaps, it was learned on June 24. We are delighted that MSD shares our objective to provide therapeutic option...

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