- Company
- Drug trade volume to hit all-time high over USD 10 bln
- by Kim, Jin-Gu Dec 22, 2019 09:51pm
- Korea’s accumulated trade volume is expected to surpass USD 10 billion for the first time. The biggest impact is from a significant surge of pharmaceutical export volume. This year’s overall pharmaceutical export volume is projected to go over 3.6 billion dollars. The number almost doubled, compared to four years ago in 2015. According
- Company
- Astrazeneca-SK supplying Diabetics worth $100 million/year
- by Eo, Yun-Ho Dec 22, 2019 09:51pm
- AstraZeneca and SK announced that the drug was manufactured and produced under the partnership signed by the two companies in January 2018 and is being supplied to 3 million people with diabetes in 98 countries. The agreement contributed to SK's successful entry into the global biopharmaceutical manufacturing and production business and th
- Company
- SK Holdings reaffirms partnership with AstraZeneca
- by Lee, Seok-Jun Dec 20, 2019 06:36am
- On Dec. 19, SK Holdings CEO Jang Dong-hyun met with Chairman Leif Johansson of AstraZeneca at the SK Group Headquarters, Seoul. At the meeting, SK Biotek and AstraZeneca announced they have been supplying diabetes treatment to about hundred countries since their partnership deal signed in January 2018. The two companies stated their partnership
- Policy
- Only one case of non-tumor initial human administration test
- by Lee, Tak-Sun Dec 20, 2019 06:35am
- Among the clinical trials conducted by multinational pharmaceutical companies in Korea, the first human-administered trial was found to be very rare. According to the Korea Clinical Trial White Paper No. 2 published by the Korea National Enterprise for Clinical Trials (CEO Dong-Hyun Ji, KoNECT) on the 18th, there was only one initial human d
- Policy
- Parliament pushes for drug revocation bill w/o sales record
- by Lee, Jeong-Hwan Dec 20, 2019 06:35am
- A bill was proposed by the National Assembly to prohibit the renewal of drug items without sales records. The legislative goal is to minimize damage to Valsartan-Ranitidine impurities (NDMA) by eliminating drugs that some pharmaceutical companies produce only the minimum quantity and do not sell in order to update the product, which is a p
- Company
- Companies done submitting metformin record, what now?
- by Chon, Seung-Hyun Dec 20, 2019 06:32am
- Pharmaceutical companies in Korea have completed submitting usage record of metformin medicine to the government body. The industry seems to be patiently waiting for the government’s follow-up action on finding impurity in metformin-containing drugs. According to pharmaceutical industry insiders on Dec. 18, pharmaceutical companies hav
- Policy
- A total of 3920 drugs have been lowered next year
- by Kim, Jung-Ju Dec 19, 2019 11:41pm
- It is expected that there will be a total of 3920 drugs whose insurance prices will fall from next year due to the real transaction price survey. Upper price limit is adjusted to 1.9% on average, and the price drops of popular blockbuster drugs are below the decimal point, but there are not many items that fall from 7% to 10%. According to th
- Policy
- Swiss companies to benefit from mutual recognition of GMP
- by Lee, Tak-Sun Dec 19, 2019 11:20pm
- A mutual recognition agreement of Good Manufacturing Practice (GMP) with Swiss pharmaceutical regulator Swissmedic would not only invigorate pharmaceutical trade between two countries, but also it is expected to be a meaningful step towards Korea earning recognition of international level of regulation. The mutual GMP recognition agreeme
- Company
- Anti-ulcer market fluctuates from impurity risk aftermath
- by Chon, Seung-Hyun Dec 19, 2019 06:41am
- Apparently, the anti-ulcer treatment market is still shaken with the impurity contamination risk. The market volume of nizatidine drugs, with a recent discovery of impurity exceeding an acceptable level, subsided within a month. A several cases of impurity found in products brought down the H2 receptor antagonist prescription volume, but rather
- Policy
- Mandatory evaluation of MFDS when using all off label drugs
- by Lee, Jeong-Hwan Dec 19, 2019 06:35am
- A bill is piloted to require government assessments when using 'off-labeled drugs' in patients that go beyond the indications that have been proven in clinical trials, which are phases of drug marketing. Representative Sang-hee Kim of the National Assembly on Health and Welfare on the 18th proposed the partial revision of the Pharmaceutical
