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Korea’s medical expenditures up 11.8% in first half

The national health insurance spent 19.4 trillion won in the first half of this year to cover medical expenditures including drugs and treatment outlays, up 11.8 percent compared with 17.3 trillion won marked in the s...

Health insurance to cover new drugs with less economic effectiveness

The price of a new drug, which lacks an economic effectiveness, despite its clinical efficacy, will get listed for insurance coverage, provided that a drug maker would accept a lower weighed average price, the Health ...

Baxter to produce A/H1N1 pandemic vaccine on large scale

Baxter International Inc. said on August 7 it completed production of its first commercial batches of C A/H1N1 pandemic vaccine in late July and is discussing plans for distribution with national health authorities to...

Dream Pharma signs exclusive license agreement with Addrenex

Dream Pharma, a division of Hanwha Group, said on August 4 that it signed an exclusive licensing agreement with the US-based Addrenex Pharmaceuticals to market a sustained-release formulation of Clonicel (clonidine hy...

Multinationals urge government to guarantee Korean doctors’ participation in foreign seminars

Foreign companies advised the Korea government to allow Korean doctors to take part in a variety of foreign congresses as part of scientific efforts to exchange information about new insights in drug development. T...

New breakthroughs in diabetes related depression and lower cognitive performance

Korean scientists discovered that higher levels of prefrontal glutamate levels were found in the brain of type-1 diabetic patients, and their elevation may lead to depression and poor cognitive performance, heralding ...

HIRA designates 12 contraindicated medicines

The Health Insurance Review and Assessment Service (HIRA) said 12 drugs, including Abbott’s Kaletra (lopinavir/ritonavir) and GlaxoSmithKline’s Wellbutrin (bupropion HCl), have been additionally designated as contrain...

Pharmacists support Seoul City’s bidding for medical complex

Pharmacists in Seoul have pledged its full support to Seoul Metropolitan Government’s campaign to construct a multibillion-dollar high-tech medical center. The city applied to the Ministry for Health, Welfare and F...

Lee Jae-ho named executive director of BMS

BMS Korea said it has recently tapped Lee Jae-ho to become its executive director who will be responsible for taking charge of Cardiovascular & Metabolic Business Unit. Lee, 46, obtained a bachelor degree in pharma...

Government mulls new prescription plan in Jeju island

The government is said to carry out the second Drug Utilization Review (DUR) system in Jeju island in November on a trial basis, following the first implementation in Koyang of Kyunggi Province in May, according to th...

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