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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Jan. 9 (Korea Bizwire) – The South Korean food safety watchdog said Monday that it will hold off inspection of imported food and drugs that are deemed to pose harm to human health starting in November. In a policy plan briefing of Prime Minister and Acting President Hwang Kyo-ahn on its policy direction for [...]
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 [...]
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 [...]
SEOUL, Dec.14 (Korea Bizwire) – A man in his 40s who was working at a pharmaceutical company has been arrested for making and selling drugs. The Seoul Metropolitan Police Agency announced that it had arrested Song (40) and Park (49) for making and selling meth. The accused even set up a facility in a small [...]
SEOUL, Nov. 22 (Korea Bizwire) – When a North American visiting South Korea has a headache, he or she will probably pay more than in the United States to buy Advil, as drugs manufactured by multinational pharmaceutical companies are typically sold at higher prices in South Korea than in other countries. When the Consumers Union [...]