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625 medicines bioequivalently tested last year, significantly decreased by 46% from year before

The number of products bioequivalently tested last year was 625 products, decreased by more than 40% compared to the year before. According to the Ministry of Food and Drug Safety, the entire number of medicines bioe...

MOHW creates divisions only for Moon Jae-In Care with more staffs

In order to carry out the National Health Insurance Coverage Extension Plan, the Ministry of Health and Welfare will temporarily create the ‘Preliminary Health Insurance Division’ and ‘Medical Security Division.’ The...

Start of ‘Warring States’ in hepatitis C market

The hepatitis C treatment market has met the ‘Warring States’ period. The Ministry of Food and Drug Safety(MFDS) has approved ‘Mavyret,’ an AbbVie Korea’s hepatitis C therapy, on 12 January. ‘Mavyret’ was approved a...

Other countries select ‘incentives’ over ‘obligation’ to promote inexpensive drugs

Other countries are reportedly taking various policies for the use of inexpensive drugs, such as nonproprietary names and incentives for generic substitutions. These policies are carried out with various methods in d...

Korean pharmas start to pioneer ‘Blue Ocean’ CIS countries

Korean pharmaceutical companies have shown interests in the Korea Pharmaceutical & Bio-Pharma Association’s(KPBMA) plan to pioneer new foreign markets. The industry is paying attention to the result of their visit to ...

6th Deliberative Committee for Emergency Household Medicines got vague this January

It has been vague that the ‘6th Deliberative Committee for Adjustment of the Emergency Household Medicine List’ would be held as scheduled this January. While a half of this January has already passed, it seems the k...

ACRC starts to eradicate corruptions in the health care field

The government will have run a reporting period to eradicate illegal rebates in the health care field. The Anti-Corruption & Civil Rights Commission(Chairperson Eun-Jung Park, ACRC) announced on the 12th to run a rep...

Appearance of oral Gaucher disease treatment, ‘Cerdelga’

Sanofi Genzyme has started to enter competition in the Gaucher disease treatment market as launching Cerdelga(generic name: eliglustat), an oral Gaucher disease treatment, with the health insurance benefits. Sanofi G...

BioKorea & ICCK sign agreement for Korea-India biotech industries

The Korea Biotechnology Industry Organization(President Jung-Sun Seo, KoreaBio) announced on the 15th the association signed a agreement for the Korea-India biotech industrial cooperation with the Indian Chamber of Co...

Plan to strengthen current law by extending health insurance suspension from 1 year to 3 years

A bill was tabled to strengthen punishments for drug illegal rebates by extending a period of insurance benefit suspension to 3 years and raising the upper limit price for fines by 60%. People’s Party Rep. Do-Ja Choi...

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