News About: Pharm. Industry


Excise tax abolition on nutrients/tonics to effect from next year.

The Ministry of Finance and Economy announced on Aug. 16 to abolish the excise tax levied on nutrient and tonic drugs effective from Jan. next year. The KPMA has raised many times the abolition of excise tax levie...

Electro payment between Zuellig and Medidas under contract.

Zuellig announced that they would not take any monopolistic business activity in drug distribution markets, and intended to make contract with Medidas, a software company for pharmacy management, for an operation of e...

Drug industry in anguish for legitimate hospital support.

The insurance reimbursement payment for imported drugs will be launched from Aug. 1, under the "Actual purchasing price system" which eliminates any hospital margins and therefore seems to be first test case for the n...

Types of drug unfair trade practice to specify in provisions.

The KPMA announced on July 30 that a provisional measure would be prepared to eliminate drug unfair trade practices that recently committed by hospitals, drug makers and drug wholesalers in the hospital drug purchasin...

Drug trade order afflicted by hospital pressures.

The pharmaceutical manufacturer community recently encountered a massive drug price slash, an insurance price registration at far lower levels than market prices for imported drugs and additional insurance drug price ...

Strategic tie-up between Yuhan and Schering Plough

Yuhan and Schering Plough signed an agreement at the conference room of Yuhan on July 19 for a strategic partnership. According to the Agreement, Yuhan will distribute Schering's products, Icepacin (a broad spe...

Hospital margins still requested for imported drugs.

The insurance reimbursement scheme for imported drugs was scheduled to launch from coming August according to the government notification, but the drug industry encountered difficult situations on account of over 10% ...

KRPIA denounced government insurance pricing plan on imported drugs.

The KRPIA denounced the government claims for the imported drug insurance reimbursement price to be equally set up with the domestic drugs as "the equal treatment by Korean style" without consideration of internationa...

KRPIA officially criticized insurance pricing policy on imported drugs.

The KRPIA took a press interview on July 16 at Plaza hotel and expressed their official position. They announced with regard to the government insurance pricing policy of imported drugs, as saying "the government dis...

Significant business recovery sign seen in drug industry.

Once seriously ailing business activities in drug industry after the IMF economic crisis seem to turn up significantly from the first half of this year, showing 7.3% sales growth on average of the leading lo...

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