News About: Pharm. Industry
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...
KPhTA asked for 6 month postponement of imported drug insurance price registration.
The Korea Pharmaceutical Trade Association (KPhTA) proposed to the MOHW for at least 6 month postponement of drug insurance price registration recently announced to implement from July 1 by the MOHW on account of the ...
Foreign invested companies distressed at price registration of imported drugs.
The foreign invested company group, KRPIA fell in deep upset and experienced a serious conflict raised by two different member groups who accepted or rejected the government suggested prices of imported drugs because ...
Drug industry alert to investigation of public prosecutor and police office.
A rumor of investigation by the public prosecutor office and the police office on overall drug deals spreaded since last June has surfaced to a real fact with their capture of accounting books and a subpoena of suspe...
Hospital's secret purchasing contract to be provisionally blocked.
The drug industry stressed that the hospital's secret contract in purchasing drugs with drug suppliers should be legally prohibited in order that the actual purchasing price system may be well settled down in future. ...
24.17% conventional margin for hospitals no longer permitted
By taking opportunity for imported drugs provisionally to eliminate any drug purchasing margins at hospitals, the KPMA concluded that 24.17% margins for hospitals would not be provided any longer, and decided to circu...
KRPIA rejected insurance price registration of imported drugs.
The KRPIA expressed a strong backlash against the government enforced launching schedule of insurance price registration for all imported drugs taking effect from July 1.
The MOHW originally assumed to postpone the...
