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Small and medium pharmas with weakened profitability and high reliability on loans

Small and medium pharmaceutical companies were reportedly weakened in profitability and were relying more on loans. Yakup Shinmoon(www.yakup.com) analyzed times interest earned(TIE) reported by 81 unlisted pharmaceut...

2 of 5 unlisted pharmas struggling with SG&A/sales ratio higher than 40%

2 of 5 unlisted pharmaceutical companies reportedly have the ratio of SG&A(selling, general and administrative) expenses to sales higher than 40%. Yakup Shinmoon(www.yakup.com) analyzed 2017 audit reports that 82 unl...

SK Chemicals signs joint sales agreement of ‘Forsteo’ with Lilly Korea

SK Chemicals announced the company signed a joint sales agreement of ‘Forsteo Inj(generic name: teriparatide),’ a medicine stimulating bone formation, with Lilly Korea on the 19th. Forsteo is the world’s first medici...

MOHW seeks for plans to eradicate hospitals owned by unlicensed doctors

The Ministry of Health and Welfare(MOHW) is currently reviewing general plans to eradicate hospitals owned by unlicensed doctors, and considering plans to prevent these hospitals from entering the market and suspendin...

No. of foreign patients was 320 thousand last year, facing first decreased in 8 years due to THAAD

The number of foreign patients dropped for the first time in 8 years to 320 thousand due to the Chinese THAAD impact. The Ministry of Health and Welfare(MOHW) and the Korea Health Industry Development Institute(KHIDI...

How come health insurance benefits cut by illegal rebates never recover?

It was argued that health insurance benefits that are cut off due to illegal rebate should recover in a certain time. It was criticized it was too hard for pharmaceutical companies because there is no regulations to r...

Governments to ignore 5-year-old administrative measures for innovative pharma certificate

The government ruled out administrative measures imposed within the last 5 years(based on judgement date) as a criterion for revocation of the innovative pharmaceutical company certificate. Data and documents for app...

‘Evaluation Track for Cutting-Edge Medical Technology’ will be adopted early next year

The Ministry of Health and Welfare will adopt a special evaluation track for potential cutting-edge metical technologies, such as artificial intelligence, 3D printing and robots, to quickly enter market. The current ...

Available to designate orphan drugs only with approval of clinical trial plan

On the 18th, the Ministry of Food and Drug Safety(MFDS) pre-announced a revision bill to the ‘Regulations for Orphan Drug Designation’ which contains articles of improving regulations which allows health care authorit...

Accumulated assignments to resolve when getting clinical studies done in China

For difficulties to conduct clinical studies in China, people picked: devaluation of clinical studies at hospitals, financial opacity and immaturity of the IRB review process. At the KOREA PHARM & BIO 2018 on the 18t...

High expectations on special plans for ‘desk for illegal rebates,’ CSOs

The industry might find new approaches to manage CSOs(contract sales organizations) The reason why the industry has raised interests in CSOs again is because CSO is an official agenda at the ‘Ethical Management Works...

Ilyang Pharmaceutical’s Parkinson’s disease drug candidate ‘Supect’ stated in international SCI journal

Ilyang Pharmaceutical(CEO Dong-Yeon Kim) announced ‘Supect(generic name: radotinib),’ the 18th Korean new drug candidate for the treatment of Parkinson’s disease, was approved to be published in ‘Human Molecular Genet...

Health functional food business owners pay KRW 13.81 million fine at most

The Ministry of Food and Drug Safety(MFDS) will enforce the ‘Enforcement Ordinance of the Health Functional Food Act’ containing articles about increasing fines and imposing standards for people or parties violating t...

Daegu Gyeongbuk Medical Innovation Foundation to develop drugs and medical devices with body fats

Daegu Gyeongbuk Medical Innovation Foundation(hereinafter referring to DGMIF, acting Chairman Gyu-Ho Song) has opened a new path to develop pharmaceutical products and medical devices using disposed body fats after a ...

59% of members in KPA were women pharmacists

While the ratio of women pharmacists is getting higher and higher, 59% of members in the Korea Pharmaceutical Association(KPA) reportedly were female pharmacists. According to the Korea Pharmaceutical Association Sta...

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