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Police Record Largest-Ever Bust of Drugs Smuggled into S. Korea

Police Record Largest-Ever Bust of Drugs Smuggled into S. Korea

SEOUL, Oct. 15 (Korea Bizwire) – South Korean police said Monday they have busted the largest-ever operation to smuggle drugs into the country, a scheme they say involves Taiwanese and Japanese organized crime rings and Korean dealers. Six people were arrested in the attempted trafficking of 112 kilograms of methamphetamine, an amount that is enough to be [...]

South Korean Teenagers Exposed to Dangers of Vietnamese Drug Balloons

South Korean Teenagers Exposed to Dangers of Vietnamese Drug Balloons

SEOUL, Oct. 10 (Korea Bizwire) — Narcotics known as “happy balloons” are being exposed to South Korean teenagers without any discretion, and regulative measures are being called for. Happy balloons are filled with nitrous oxide that cause hallucinations. In South Korea, inhaling nitrous oxide or possessing, selling, or providing it for inhalation purposes can result [...]

American Drug Prices Could Spike Following FTA Renegotiation

American Drug Prices Could Spike Following FTA Renegotiation

SEOUL, Mar. 27 (Korea Bizwire) – Concerns are growing after media outlets reported that the price of new drugs developed in the U.S. could spike as a result of a renegotiated free trade agreement. According to the Ministry of Trade, Industry and Energy, South Korea agreed to revise its pharmaceutical pricing and reimbursement policy to give [...]

CBT Pharmaceuticals to Grow Immuno-Oncology Pipeline by License Agreement of CrownBio CTLA-4 Antibody

CBT Pharmaceuticals to Grow Immuno-Oncology Pipeline by License Agreement of CrownBio CTLA-4 Antibody

SAN DIEGO, Mar. 22 (Korea Bizwire) — Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE:6554) and a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, announced today a strategic licensing agreement with CBT Pharmaceuticals (CBT), a U.S. and China-based innovative biopharmaceutical company committed [...]

Methamphetamine Concentration in Wastewater Near Beaches Doubles in the Summer

Methamphetamine Concentration in Wastewater Near Beaches Doubles in the Summer

SEOUL, Aug. 5 (Korea Bizwire) — A research team at Pusan University recently reported the results of an investigation into the presence of drug residue at three sewage treatment plants near popular beaches. Various drugs, including methamphetamine, were detected in sewage treatment plants near well-known beaches popular among vacationers. The research findings revealed that the [...]

Gov’t to Nurture Manpower in Bio Industry

Gov’t to Nurture Manpower in Bio Industry

SEOUL, Apr. 12 (Korea Bizwire) — South Korea is set to release a set of support measures, including nurturing talented manpower, to help local pharmaceutical companies make further inroads into the global market, the country’s health minister said Tuesday. The remarks were made during a meeting attended by Health Minister Chung Chin-yeob, and executives of [...]

Doctors, Pharmacists Debate “Brand Name or Drug Composition” Prescriptions

Doctors, Pharmacists Debate “Brand Name or Drug Composition” Prescriptions

SEOUL, Dec. 27 (Korea Bizwire) – Korean doctors and pharmacists have long clashed over whether to prescribe medicine based on the name of a brand or a drug’s composition. The debate dates back to 2000, when the Korean government first separated the prescription and dispensing of drugs between the two medical practitioners.  Currently, prescriptions almost [...]

Pharmaceutical Companies Race to Develop New Parkinson’s Drugs

Pharmaceutical Companies Race to Develop New Parkinson’s Drugs

SEOUL, Oct. 25 (Korea Bizwire) – Korean pharmaceutical companies are making significant developments in their research of Parkinson’s disease.  Parkinson’s is often associated with the elderly, making Korea’s rapidly-aging society more vulnerable to the disease, for which there is no cure.  Dong-A ST is set to apply for a phase 2 clinical trial for the [...]