News About: Pharm. Industry
Sales forecast of 30 leading drug companies set 17% increases on average.
The drug industry set forth an ambitious sales forecast this year with growth in double digits, the achievement of which, however, seems to be largely subjected to the upcoming medical and pharmacy separation system a...
KPMA called for general hospitals to shorten credit terms.
The KPMA asked the general hospitals who delayed their payment to shorten the credit terms through the medical organizations such as the KMA and KHA.
After the implementation of the government new insurance drug pr...
Separation system may speed up industrial restructuring
It is predicted that the government medical and pharmacy separation plan may substantially speed up the restructuring of drug industry, considering the fact that because of the elimination of medication margins accord...
Drugs of lower priced bidding on hot competition
In the national and public hospital's bidding drug suppliers faced a severe price competition especially with major items, which caused a serious conflicts among them.
At present about 10 drug companies made troubles...
Recent advertising concept of drugs has been changed.
Advertising for pharmacists used to be for general (non-prescription) drugs, but it's pattern has shown a remarkable change recently by more concentrating on professional (prescription) drugs or reference branded drug...
Only disease code to be described on prescriptions.
To protect patient's privacy the MOHW decided that the disease would not be shown on prescriptions but only its code, and even the code could not be described if patients so wish.
The MOHW concluded the above deci...
Medical and pharmacy communities encouraged to participate in government separation plan.
Minister Cha of MOHW reported to President Kim in the meeting at Kwachon office building on April 24 that the government medical and pharmacy separation system should be launched as originally scheduled from July 1 an...
Patent infringement unable to confirm on health registration process.
The KFDA intended to ignore the issue raised by the American government, asking for an obligatory confirmation over the patent infringement of the product in process of its health registration as a necessary requireme...
Drug registration process possible even before its patent expires
The World Trade Organization (WTO) decided that any drug manufacturer can prepare a test and development of patented drugs to commercialize even before their patent expiry, which may trigger many local as well as over...
Clinical and drug adverse reactions of 16 vaccine products to be surveyed.
The KFDA ordered drug companies to conduct studies until 2002 for an intensive investigation of drug adverse reactions and the positive conversion rate of antibody for 16 vaccines (from 7 companies) out of 78 items (f...
