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S. Korean Pharmaceutical Goods Draw Popularity in N.K. Farmers’ Markets

S. Korean Pharmaceutical Goods Draw Popularity in N.K. Farmers’ Markets

SEOUL, Dec. 12 (Korea Bizwire) – South Korean-made pharmaceutical products remain widely popular in “Jangmadang,” or North Korea’s unofficial provincial markets, even though the distribution of goods from the South is under strict control in the communist state, a U.S.-based broadcaster said Monday.  A source in the North’s North Hamkyong Province told Radio Free Asia [...]

Health Care Exports to Reach US$10 Bln This Year

Health Care Exports to Reach US$10 Bln This Year

SEOUL, Dec. 8 (Korea Bizwire) – Annual exports from South Korea’s health care businesses are forecast to reach US$10 billion in 2016, the Ministry of Health and Welfare said Thursday.  Outbound shipments of locally manufactured medicines, medical equipment and cosmetics products are expected to total $9.8 billion by the end of this year, up 19.1 [...]

Pharmaceutical Industry Expanding in South Korea

Pharmaceutical Industry Expanding in South Korea

SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s pharmaceuticals sector is gaining workforce, having added 27 percent more employees since 2011, data showed on Monday.  Figures supplied by the Korea Pharmaceutical Manufacturers Association (KPMA) said 94,500 people were working in 842 companies of the pharmaceuticals industry at the end of 2015, up from 74,000 in [...]

Pharmaceuticals Voluntarily Release Sensitive Information

Pharmaceuticals Voluntarily Release Sensitive Information

SEOUL, Oct. 31 (Korea Bizwire) – Domestic pharmaceutical firms have started to release sensitive information that may play to their disadvantage, mainly in order to eliminate any misunderstanding or speculation by not disclosing information in advance.  The move is also driven by the recent Hanmi Pharmaceutical controversy, in which the company allegedly leaked insider information [...]

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 [...]

Medical Students Shun Urology, Cardiothoracic Surgery Residency Programs

Medical Students Shun Urology, Cardiothoracic Surgery Residency Programs

SEOUL, Oct. 20 (Korea Bizwire) – Six residency programs, including urology and cardiothoraic surgery, have failed to meet 70 percent of their enrollment quota for medical students this year, a report showed Thursday, raising the need for more incentives to attract students to the less popular residency programs.  No medical student applied for the tuberculosis [...]

Korean Pharmaceutical Industry Needs Generics to Survive

Korean Pharmaceutical Industry Needs Generics to Survive

SEOUL, Oct. 17 (Korea Bizwire) – The current news proves that the domestic pharmaceutical industry still places too much emphasis on generics, despite focusing on R&D for new medicine. With the expiration of the patent for Twynsta from the multinational pharmaceutical company Boehringer Ingelheim, close to 100 generics are being released.  The industry agrees that [...]

Korea-Japan Bio-Venture Making Progress in Atopy and Breast Cancer Treatments

Korea-Japan Bio-Venture Making Progress in Atopy and Breast Cancer Treatments

SEOUL, Sept. 21 (Korea Bizwire) – C&C Research Laboratories (CCRL), a joint pharmaceutical venture between South Korea and Japan, announced Monday that it will finally begin its development processes for atopy and breast cancer medicines.  CCRL was established in 1992 as a 50-50 joint venture between Korea’s JW Pharmaceutical and Chugai Pharmaceutical in Japan. It [...]