medicine Archives | Be Korea-savvy
Sejong to Launch Pilot Program Using Mailboxes to Collect Spoiled Medicines

Sejong to Launch Pilot Program Using Mailboxes to Collect Spoiled Medicines

SEOUL, Dec. 27 (Korea Bizwire) — The central administrative city of Sejong will launch a pilot program in January in which households can drop waste medicines into mailboxes and postal workers will safely bring them to incineration sites, officials said Monday. To launch the waste medicine collection service, the city government signed a memorandum of [...]

Personalized Lifestyle Medicine Institute Will Host Highly Anticipated Annual Conference in October 2022

Personalized Lifestyle Medicine Institute Will Host Highly Anticipated Annual Conference in October 2022

SEATTLE, Sept. 13 (Korea Bizwire) — Personalized Lifestyle Medicine Institute (PLMI) is pleased to host The 10th Annual Thought Leaders Consortium: The Intersection of Intestinal Microbiome with Clinical Epinutrigenomics, on Oct. 7-8, 2022. Delegates may attend in person in Seattle, Washington, and a Virtual Livestream component is also being offered for those who desire to attend online. This year’s event [...]

New Technology Recycles Plastic Bottles into Medicine

New Technology Recycles Plastic Bottles into Medicine

SEOUL, Dec. 26 (Korea Bizwire) — A newly developed technology uses material from recycled plastic bottles as components of pharmaceutical products. A joint research team from the Korea Research Institute of Chemical Technology (KRICT), Korea University, and Ewha Women’s University announced on Tuesday that they had developed a new technology that chemically disassembles plastic bottles [...]

Pharmaceutical Companies Fail to Meet Sales Permit Conditions

Pharmaceutical Companies Fail to Meet Sales Permit Conditions

SEOUL, Nov. 5 (Korea Bizwire) — Pharmaceutical companies are facing controversy as they were found to be avoiding manufacturing certain medicines for which authorities issued sales permits upon condition that they would be used for clinical trials on patients, if market reaction was ‘not good enough’. Rep. Jang Jeong-sook of the ruling Democratic Party, a [...]

Major Pharmaceuticals to Expand R&D Spending in 2017

Major Pharmaceuticals to Expand R&D Spending in 2017

SEOUL, March 21 (Korea Bizwire) – Major South Korean pharmaceutical companies are poised to expand their spending on research and development (R&D) this year despite weak earnings, industry sources said Tuesday.  The four drug companies — Hanmi Pharmaceutical Co., Green Cross Corp., Daewoong Pharma and Chong Kun Dang Pharmaceutical Corp. — whose annual R&D spending [...]

S. Korea’s Antibiotic Use down in 2015, Still Highest Among OECD Countries

S. Korea’s Antibiotic Use down in 2015, Still Highest Among OECD Countries

SEOUL, Feb. 20 (Korea Bizwire) – South Korea’s consumption of antibiotics edged down in 2015 but remained the highest among members of the Organization for Economic Cooperation and Development, the health ministry said Monday.  According to the ministry, the country’s antibiotic use was tallied at 31.1 defined daily dose (DDD) per 1,000 people, meaning 31.1 [...]

Annual R&D Spending Tops 100 Bln Won at 4 Korean Drug Firms

Annual R&D Spending Tops 100 Bln Won at 4 Korean Drug Firms

SEOUL, Feb. 14 (Korea Bizwire) – Four major South Korean pharmaceutical companies spent more than 100 billion won (US$86.9 million) each on research and development (R&D) in 2016, industry officials said Tuesday.  The four drug companies — Hanmi Pharmaceutical Co., Green Cross Corp., Daewoong Pharma and Chong Kun Dang Pharmaceutical Corp. — sharply expanded their [...]

Local Pharmaceutical Companies Fall Behind Foreign Rivals

Local Pharmaceutical Companies Fall Behind Foreign Rivals

SEOUL, Jan. 9 (Korea Bizwire) – Only one South Korean pharmaceutical company had a new drug approved in 2016, compared to 11 drugs introduced by overseas companies including Novartis, Gilead Sciences, and Pfizer. Olita Tablet, a lung cancer drug from Hanmi Pharmaceutical, was the only new drug introduced last year by a local company, and [...]