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Government to legislate new drug pricing reform
The Ministry of Health and Welfare plans to enact a bill to legislate the government’s drug pricing measure around April 30 as planned.
The measure included a new drug-pricing system aimed at uprooting rampant ill...
Unlicensed people should be banned to open specialized businesses, Rep Kim says
Rep. Kim Jin-pyo of the main opposition Democratic Party (DP), who declared his bid for the Gyeonggi governorship in the June 2 local elections, said on March 20 that the government needs to overhaul the business lice...
Direct-to-consumer ads of prescription drugs in free dailies are illegal
The Korea Food and Drug Administration has recently clarified that any direct-to-consumer (DTC) advertisements of prescription drugs cannot be carried in free newspapers that are being dumped in its subway trains.
...
Green Cross to conduct clinical trial for novel immunotherapy
Patients with lymphoma can rest assured that science and technology are finding their way to improving options in cancer care using the body's immune system through the field of immunology.
Green Cross Corporation ...
'Dumping' war of OTCs looming in pharmacy market
The recent price increase of popular over-the-counter (OTC) drugs has produced negative effects that require the attention of pharmacists, including the possibility of predatory pricing, commonly referred to as “dumpi...
Can two-way sanctions gain momentum?
Attention is now being focused on the recent measure of the Fair Trade Commission (FTC) as two large hospitals have been hit for fines.
Drug manufacturers target doctors to get them to adopt specific drugs, insider...
Government to get tough on drug prescription
The government will strengthen its ex-post facto monitoring scheme over drug prescription to be issued by medical institutions from May.
It is strongly recommended that hospitals and pharmacies carefully check thei...
Sales of 76 pharmaceutical firms total 10.2 trillion won last year
According to statistics compiled by the Korea Tax Union (KTU), the combined sales of the 76 pharmaceutical firms and 84 wholesalers last year marked 10.2 trillion won and 7.5 trillion won, respectively.
By drug dis...
40% lack drug decomposition enzyme
Four in 10 Koreans have a generic predisposition that is poor in decomposing specific drugs, such as antiulerants, antifungal and antiplatelet agents, according to the Korea Food and Drug Administration.
People who...
49 companies organizes consultative body for promotion of biopharmaceutical industy
A total of 49 Korean biotech and pharmaceutical companies, including 20 multinational drug manufactures here, set up a new consultative body on March 18 to develop the local biopharmaceutical industry as one of Korea’...
