News About: Pharm. Affairs
This year, about 40 original medicines expired in patent
Including ‘Viread,’ 40 original medicines owned by multinational pharmaceutical companies with more than KRW 100 billion annual sales will be expired in patent this year.
According to the pharmaceutical industry, sta...
Limit for rent and deposits decreased from 9% to 5% for pharmacy tenants
A revision was pre-announced, which restricts the current increase rate of 9% to 5% for rent and deposits for tenants.
Lawyer Jong-Sik Woo at Law Firm GyuOne introduced this at the recently pre-announced ‘Revision Bi...
Tego Science acquires approval of ‘ROSMIR,’ Korea’s first cell treatment for wrinkle enhancement
Tego Science(CEO Sae-Hwa Jeon) announced on the 28th that ROSMIR®(project name: TPX-105), an autologous wrinkle reducer, from the Ministry of Food and Drug Safety. With this, Tego Science now owns the highest number o...
Government recommends to inform guideline about adverse drug reaction relief system
A guideline will be recommended about the adverse drug reaction relief system on drug packages, containers and documents.
On 28 December, the Ministry of Food and Drug Safety pre-announced the ‘Partial Revision Bill ...
“1 of 2 approve medicines are not manufactured”
One of 2 medicines reportedly were not manufactured even after acquiring approval.
Moreover, while approvals and production for prescription drugs have continuously increased, common drugs have shown a decrease in th...
Medicine payment obligation spreads credit card payments among hospitals
While the Payment Due for Medicines bill has been enforced on the last 23rd, pharmaceutical distribution companies have complained difficulties about an increasing number of hospitals which switch the method of paymen...
MFDS designations of 4 additional orphan drugs including lung cancer therapy ‘Brigatinib’
4 medicines, including ‘Brigatinib,’ a targeted therapy for lung cancer, were designated as orphan drug.
The Ministry of Food and Drug Safety(MFDS) pre-announced the ‘Partial Revision Bill to Regulations of Orphan Dr...
121 products newly registered for national health insurance service
121 products including ‘Ganilever Prefilled Syringe Inj’ which prevents premature luteinizatio will take an advantage, of the health insurance benefits as being registered for the national health insurance service.
‘...
Annual interest rate of 15.5% for drug payment delays starts on 23 December
Medical institutes and medicine suppliers which delay payments for medicines for more than 6 months will need to pay annual interests of 15.5% for the payment delay.
The Ministry of Health and Welfare(Minister Neung-...
KPA delivers policy suggestion about ‘adopting public & midnight pharmacies’ to Blue House
The Korean Pharmaceutical Association(President Chan-Hwi Cho) had the National Officers’ Rally to oppose the convenient store drug extension with about 1 thousand people.
Completing the rally, KPA President Chan-Hwi ...
