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Health Ministry likely to lower drug prices
The Ministry of Health, Welfare and Family Affairs is considering lowering the prices of off-patent medicines to comply with the state auditors' recent call.
The ministry’s action came after the Board of Audit and ...
Government urged to settle shortage of hospital pharmacists
The Korean Society of Health System Pharmacists has called for the government to comply with the deficiency of hospital pharmacists through utilization of pharmacy school graduates participating in BK21 projects or al...
State auditors ask health ministry to reassess minimum actually traded price system
The Board of Audit and Inspection called for the Ministry of Health, Welfare and Family Affairs to ameliorate the current actually traded minimum price system to rationalize rising medication costs covered by the stat...
New pricing criteria of chemically modified medicines draw positive reactions
The government plans to set a new pricing standard for chemically modified drugs in the latter half of this year, under consultation with the Korea Pharmaceutical Manufacturers Association, according to the Ministry o...
OTC drug makers struggling to set normal market price
Despite incessant price hike of some renowned OTC products in recent months, some of OTC makers have endeavored to firmly establish their normal prices amid cut-throat competition, according to pharmaceutical sources....
Jeon named new health minister
President Lee Myung-bak has recently appointed Grand National Party lawmaker Jeon Jae-hee, 59, to head the Ministry for Health, Welfare and Family Affairs without parliamentary confirmation.
Lee also named his futu...
Product licenses on gradual increase
A total of eight licenses for prescription medicines were filed last month amid implementation of validation system, according to the Korea Food and Drug Administration.
Pharmaceutical companies are now hesitant to...
Toll manufacturing for cephalosporin antibiotics likely to steam up
The domestic toll manufacturing business for cephalosporin antibiotics will get a momentum as the Ministry of Health, Welfare and Family Affairs plans to newly separate the production of cephalosporin antibiotics from...
Korea’s pharmaceutical export surges 22%
Pharmaceutical export by Korean firms for the first half of this year recorded $591 million, growing 22 percent from a year ago.
Statistics showed that pharmaceutical bulk drugs export soared notably with $257 mill...
Shortage of hospital pharmacists getting serious
Many hospitals are suffering from a shortage of pharmacists nationwide, according to the Korean Society of Health System Pharmacists (KSHSP).
It says the deficiency is expected to get worse, thus endangering the no...
