Last year, health insurance drug costs reached 28 trillion won... The proportion of drug spending among medical expenses is 5 percentage points higher than the OECD average
Health insurance drug costs in South Korea nearly reached 28 trillion won in 2024, and the proportion of drug spending out of total health insurance expenses has slightly increased, standing higher than the OECD average.
[Pharmaceutical and Bio News] SK Bioscience signs contract for contract manufacturing of MSD Ebola vaccine
SK Bioscience announced a partnership with global pharmaceutical company MSD to participate in the development project for an Ebola vaccine supported by CEPI.
[Pharmaceutical Bio News] Chabaitech and Novartis Korea to Establish 'Open Innovation Center' in Second Half of This Year
Chabaitech and Novartis Korea have signed a strategic MoU to establish an Open Innovation Center aimed at supporting biotech startups.
[Pharmaceutical Bio News] Hyundai Bioscience to Begin Clinical Trials for Dengue Treatment in Vietnam on the 30th
Hyundai Bioscience is set to begin clinical trials for a universal antiviral treatment for dengue and similar diseases in Vietnam on March 30.
Cade authorizes the sale of 4Bio to Profarma in a multimillion-dollar deal
The Brazilian antitrust authority approved the acquisition of 4Bio by Profarma in a deal exceeding 600 million reais.
The patent for Ozempic expired, revealing an interesting fact about the price of its copy in Argentina
The expiration of the Ozempic patent will lead to a significant decrease in prices as generic versions from Indian pharmaceutical companies enter the market, but Argentine copies remain notably expensive.
Elisa Carrió's Praise for Sturzenegger Regarding One of His Recent Measures
Elisa Carrió commended Federico Sturzenegger for eliminating restrictions on obtaining pharmaceutical patents in Argentina.
Infarma President: Europe Must Provide a Boost for Innovation Development
Wiktor Janicki, President of the Innovative Pharmaceutical Employers' Association Infarma, emphasizes the need for Europe to increase investments in clinical research to maintain the pharmaceutical sector as a driver of the European economy.
A. Grzegorzewska, Gedeon Richter: Asian business enters the European drug market
Aneta Grzegorzewska discusses the aggressive strategy of Indian pharmaceutical companies entering the European market with generic products.
Global drug giants double down on China amid trend to build self-reliant supply chains
Global pharmaceutical companies are investing heavily in China's drug market to establish self-reliant supply chains, with a US$15 billion commitment announced during a recent UK delegation to Beijing.
Combination Therapy Using Anti-Cancer New Drugs Raises Concerns About Collusion, Impeding Insurance Coverage
Despite a paradigm shift towards combination therapies using new cancer drugs, challenges in insurance coverage persist due to regulatory obstacles and concerns about collusion among pharmaceutical companies.
Asian Business Enters the Pharmaceutical Market in Europe
The article discusses the importance of pharmaceutical security as a component of national security in Poland, emphasizing the challenges posed by supply chain interruptions due to global conflicts.
UNI-PHARMA and InterMed certified as Top Employers for the fourth consecutive year
The pharmaceutical companies UNI-PHARMA and InterMed have been certified as Top Employers 2026 in Greece for the fourth consecutive year by the Top Employers Institute.
Lawyer Fedorová on the pharmaceutical business / Patient organizations are important for pharmaceutical companies. They are a reservoir of patient stories
Lawyer Katarína Fedorová discusses the pharmaceutical business, the role of patient organizations in lobbying, and the need for critical evaluation of drug efficacy.
Africa: Pharma Pulls Back As Antimicrobial Resistance Threat Grows
The increasing threat of antimicrobial resistance (AMR) is causing pharmaceutical companies to withdraw from antibiotic development, risking millions of lives if investments and policy actions do not improve.
A battle after another
The article discusses ongoing conflicts within the Argentine government, particularly focusing on the victory of Federico Sturzenegger in the pharmaceutical industry dispute.
When Illia sought to regulate a conflictive market
The article discusses Argentina's former president Arturo Illia's attempts to regulate the contentious pharmaceutical patent market during his administration.
Medicine shortages loom amid US-Iran conflict
Nigeria's pharmaceutical sector voices concerns over potential medicine shortages due to the US-Iran conflict affecting drug imports and production materials.
After 20 years of waiting, sentences of up to eight years are imposed on those who falsified the injectable Yectafer and caused four deaths
Six individuals have been sentenced to prison for their roles in falsifying the injectable Yectafer, resulting in four fatalities and severe injuries to several others.
Fears grow over US drug supply’s rising dependence on Chinese ingredients
Concerns are increasing regarding the United States' growing reliance on Chinese pharmaceutical ingredients, as highlighted in a congressional hearing.
Pharmaceuticals ask Sheinbaum to favor purchases of Mexican medicines: 'There will be no subsidies'
The president of the Mexican Association of Pharmaceutical Laboratories urged the government to prioritize local companies in public drug purchases to bolster the national pharmaceutical industry.
The End of the Pharmaceutical Lock: The Story Behind the Patent Resolution that Divided Laboratories for Decades
Argentina has lifted intellectual property restrictions on pharmaceuticals that had been in place since 2012, reflecting a long-standing conflict between domestic and foreign laboratories.
Ozempic and Wegovy: The Cheap Weight Loss Pens from India That Could Change the Global Fight Against Obesity
India is poised to significantly lower obesity rates with the upcoming expiration of the semaglutide patent, allowing local pharmaceutical companies to produce cheaper generic versions of Ozempic and Wegovy.
The Government deregulated pharmaceutical patents: Sturzenegger's explanation
The Argentine government has deregulated pharmaceutical patents to align local practices with international standards, as announced by Minister Sturzenegger.
Javier Milei and his measures, LIVE: The Government seeks to regain initiative in Congress and the President honors Adam Smith
The Argentine government, under President Javier Milei, is working to regain legislative control while commemorating economist Adam Smith, amidst a political scandal.
Personnel Changes on March 19
This article lists various personnel changes in different organizations in South Korea.
Middle East war forces pharmaceutical companies to divert critical medicines
The ongoing war in the Middle East is causing pharmaceutical companies to alter distribution routes to ensure that critical medicines reach Australia.
US reshoring drive casts shadow over China’s contract drug makers: analyst
Chinese contract drug manufacturers face uncertainty in long-term revenue due to a US reshoring trend in the pharmaceutical industry.
Medicine shortages warning after Iran blockades Strait of Hormuz
Pharmacists in the UK are warning of potential medicine shortages due to Iran's blockade of the Strait of Hormuz, a key shipping route for pharmaceutical ingredients.
Chemist issues new 'serious harm' warning for anyone taking promethazine and diphenhydramine
A pharmaceutical expert has raised alarms about the potential dangers of over-the-counter sleeping pills, particularly promethazine and diphenhydramine, citing research linking their use to increased mortality rates.
The risks of the pharmaceutical supply chain: "Logistics are already strained and the cost of air transport has increased by 30% to 100%"
The Spanish pharmaceutical industry is facing potential supply chain disruptions due to geopolitical tensions, particularly concerning dependency on active pharmaceutical ingredients from other countries.
Anvisa orders the seizure of irregularly produced tirzepatide
Anvisa has ordered the seizure of tirzepatide products produced irregularly by El Elyon de Manipulação Ltda in Brazil.
A Laboratory Mistake Revealed a Breakthrough. A New Way of Creating Drugs
A new drug modification technique has been developed that significantly alters traditional pharmaceutical synthesis processes.
CEO of Boehringer Ingelheim: "Pharma does not need rare earths, Pharma needs bright minds"
The CEO of Boehringer Ingelheim, Shashank Deshpande, expresses concerns over the slow approval process for new drugs in Germany compared to other countries, and emphasizes the need for closer collaboration with India in pharmaceutical research and development.
Grifols suffers bearish pressure on the stock market despite business improvements
Grifols is experiencing increased bearish pressure from investors, marked by Kintbury Capital's significant short position, even as the company reports improved business results.
War in Iran Increases Pressure on Brazil's External Dependency for Medicines and Inputs
The conflict involving the U.S. and Israel against Iran is intensifying concerns over Brazil's reliance on imported pharmaceutical inputs.
Korean Pavilion Opens for the First Time at China’s Largest Pharmaceutical and Bio Expo
The Korean pavilion has made its debut at the Bio China 2026 expo, reflecting increased participation from South Korea's pharmaceutical and biopharmaceutical sectors in the rapidly growing Chinese market.
F.A.Z. Einspruch Podcast: Why lawsuits for Corona vaccine damages are becoming easier
The German Federal Court lowers the hurdles for obtaining information about vaccine side effects, making it easier for patients to file claims against pharmaceutical companies for COVID-19 vaccine-related damages.
EMS plans to launch a generic version of Ozempic by September
Brazilian pharmaceutical EMS aims to introduce its generic version of Ozempic to the market by September, contingent on the approval from health agency Anvisa within the next 60 days.
European Parliament: Greek pharmacists requested measures to avoid drug shortages
Greek pharmacists demanded serious measures to address drug shortages during an event at the European Parliament, placing blame on companies for not meeting their obligations.
The two founders of BioNTech leave the pharmaceutical company that won the race for COVID vaccines
The founders of BioNTech, Ugur Sahin and Özlem Türeci, are leaving the company to create a new venture focused on next-generation mRNA medications.
Pharmaceutical Industry: BioNTech Founders Leave Company
BioNTech founders Uğur Şahin and Özlem Türeci will leave the company by the end of 2026 to start a new biotechnology firm focused on developing the next generation of mRNA-based drugs, while remaining shareholders in BioNTech.
Pharmaceutical industry: BioNTech founders leave the company
BioNTech founders Uğur Şahin and Özlem Türeci will leave the company by the end of 2026 to establish a new biotechnology firm focused on mRNA-based medications while retaining a minority stake in BioNTech.
Andris Jegorovs has left the position of board member at the Latvian drug manufacturer 'Olpha'
Andris Jegorovs resigns as a board member of Latvian pharmaceutical company Olpha amid declining revenue and profits.
Corona Vaccine Damage: Federal Court Helps Injured Patients
A German court ruled in favor of patients suffering from vaccine side effects, easing access to information from pharmaceutical companies regarding potential risks.
Novo enters into agreement with online pharmacy in the USA and drops lawsuit
Danish pharmaceutical giant Novo Nordisk has reached an agreement with the US online pharmacy Hims & Hers, dropping its lawsuit against the company regarding the sale of a copy of Wegovy.
Novo Nordisk and online pharmacy bury the hatchet with new agreement in the USA
Novo Nordisk has settled its lawsuit against the U.S. online pharmacy Hims & Hers, leading to a new collaboration allowing the pharmacy to sell Novo's medications.
[Pharmaceutical and Bio News] SK Biopharm and Merck Healthcare Celebrate International Women’s Day
On March 8, various companies in the pharmaceutical and bio sectors celebrated International Women’s Day with events promoting diversity and inclusiveness.
Big Pharma with the ChatGpt Alembic: soon new drugs from algorithms
The next generation of drugs may emerge from algorithms rather than test tubes, as artificial intelligence increasingly transforms pharmaceutical laboratories.
Medications: "Our Supplies of Active Ingredients Are Still Sufficient"
Josip Meštrović, the Germany head of generics manufacturer Zentiva, expresses concerns about the potential impact of geopolitical tensions on Germany's pharmaceutical supply chain due to blocked shipping routes in the Hormuz Strait.