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Online drug shopping mall market fueled with competition

Ildong ECommerce, a subsidiary of Ildong Pharmaceutical, opened an online shopping mall ‘Ildong Shop’ through expansion on the 20th, which will fueled competition in the pharmaceutical e-commerce market. ‘Ildong Shop...

Bill will be prepared for KPA’s ethics commission to make request to revoke license

A bill will be prepared to allow the Korean Pharmaceutical Association(KPA) Ethics Commission to make a request to the Ministry of Health and Welfare to cancel the license of pharmacist who are diagnosed mental illnes...

Listed pharmas’ cash dividends less than the last year

This year, listed pharmaceutical companies were analyzed to have cash dividends less than the last year. It was told some of the pharmaceutical companies have not decided availability of cash dividends yet despite th...

This year’s business key words, “overseas expansion and new drug development” in pharma industry

It was analyzed pharmaceutical and biotechnological companies have set their management keyword to ‘overseas expansion’ and ‘new drug development’ this year. According to the analysis result of major pharmaceutical a...

MFDS announces pharmaceutical products under Drug Utilization Review(DUR)

On the 16th of February, the Ministry of Food and Drug Safety(MFDS) made a public announcement of 607 pharmaceutical products to appropriately use them under the regulation for the Drug Utilization Review. These prod...

“Despite side effects of Tamifly, health authorities have no follow-up actions at all”

While flu patients have recently occurred for the highest number in the history, the side effect issue of Tamiflu, the bird flu treatment, is getting severe. According to the number of Tamiflu’s side effect reports s...

KoreaBio reappointed President Jeong-Sun Seo and Chairman Byung-Gun Lee

The Korea Biotechnology Industry Organization(President Jeong-Sun Seo, hereinafter referring to KoreaBio) has decided reappointment of President Jeong-Sun Seo and Chairman Byung-Gun Lee in the 5th Presidents’ Board in...

Implementation of 3-year license reporting system for doctors and Korean medicine doctors

The 3-year license reporting system for doctors and Korean medicine doctors will be implemented, and if they do not renew their license, the license will be suspended. On the 16th, the Ministry of Health and Welfare ...

Korea United Pharm’s Vietnamese PIC/s GMP certification through ‘public-private’ cooperation

As generating the first outcome after Korea joined in the PIC/s(Pharmaceutical Inspection Co-operation Scheme), the pharmaceutical industry has raised an expectation of having similar outcomes in the future. Since it ...

Rep. Do-Ja Choi “Government employees handling drug approval must be restricted in stock trading”

An opinion was suggested that employees concerned to drug and biologic approval must be restricted in stock trading. People’s Party Rep. Do-Ja Choi made the request to the Ministry of Food and Drug Safety(MFDS) at th...

What will change in pharma industry after change of chairman?

The Korea Pharmaceutical Manufacturers Association(KPMA) elected Mr. Hee-Mok Won as the next Chairman at the board meeting on the 15th and elected 3 more people in the Vice Chairmen’s Board. They dealt various items ...

KPMA appoints former Rep. Hee-Mok Won as next chairman

As the next chairman of the Korea Pharmaceutical Manufacturers Association(KPMA), Hee-Mok Won, a former representative of the National Assembly, was appointed. Moreover, 3 people(Daewon Pharm Chairman Seung-Ho Baek, A...

463 pharmacies closed and 493 opened in Seoul last year

It was observed 1 of 10 pharmacies located in the Seoul area either was relocated or changed its name last year. According to the opening and closing status of medical institutes conducted by the Health Insurance Rev...

Deliberative assembly for household drugs joined by pharmacy & convenient store fields

A deliberative assembly to adjust emergency household drugs will be participated by the pharmacy and convenient store circles. According to the Ministry of Health and Welfare(MOHW) on the 15th, the total number of pe...

KPDA to table amendment to Pharmaceutical Affairs Law to fix direct wholesaling by March

The pharmaceutical distribution association is accelerating the process to revise the Pharmaceutical Affairs Law to solve the direct wholesaling issue. The Korea Pharmaceutical Distribution Association(KPDA) announc...

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