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FTC to look into drugmakers and wholesalers
Korea’s antitrust regulator has embarked on looking into the pricing collusion of pharmaceutical companies and wholesalers following the recent drug bidding failure in Seoul National University Hospital.
The Fair T...
Health insurance fund posts 82 billion won in surplus in February
The National Health Insurance Corporation said on March 15 that the health insurance fund turned into a blank ink of 81.9 billion won from minus 144.9 billion in January.
The surplus was attributed to insurance pre...
KFDA to set up new team for drug safety
The Korea Food and Drug Administration says it has decided to launch a new team to deal with adverse drug reactions within its food and drug safety assessment bureau.
The measure is in response to calls to create a...
Daewoong, Boehringer Ingeheim Korea sign strategic partnership agreement
Daewoong Pharm and Boehringer Ingeheim Korea (BIK) announced on March 15 that the two companies have signed a strategic partnership agreement to let Daewoong market BIK’s seven leading OTC (over-the-counter) drugs in ...
Wholesalers avoid selling household insecticides
Household insecticides are becoming one of the most unpopular products in pharmaceutical wholesalers as wholesalers have no spacious storage space for the bulky products.
In spite of the fact that leading insectici...
Government to support for local pharmaceutical industry
The Ministry of Health, Welfare and Family Affairs announced on March 14 that it will set up a consultative body for the development of the domestic pharmaceutical industry within this month as part of its efforts to ...
Obese people cannot use sibutramine for over 1 year, KFDA says
The Korea Food and Drug Administration issued warnings on March 15 that the use of sibutramine, marketed as the weight loss medication, cannot exceed one year and the drug cannot be use in elderly people aged over 65 ...
Generic prices to fall by 46% over original brands
When a number of newly licensed generic drugs for GSK “Hepsera” (adefovir) or SK Chemicals “Joins” will get listed for insurance coverage in the months to come, their prices of the corresponding original drugs will be...
Reward scheme for doctors and pharmacists likely to be delayed
The proposed scheme to make dealings between drug makers and doctors more transparent is likely to go into effect in 2011 due to a variety of procedures in the Health Insurance Review Assessment and Service (HIRA).
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Elderly account for 30% of nation's spending on health
Senior citizens accounted for 31.4 percent of healthcare costs covered by the National Health Insurance Corporation last year.
Due to the nation's rapidly aging population, the report said, the total provision for...
