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Less expensive drugs to exclude from obligatory small package system from July

The Korea Food and Drug Administration says low-priced and/or exit-prevention medicines should be excluded from the current small drug package system from this July. According to the KFDA, these drugs have been big...

Swift of OTCs into quasi-drugs irks pharmacists

The Korean Pharmaceutical Association said the government will reclassify some over-the-counter (OTC) products into quasi-drugs, rejecting speculation raised by news media. ...

Screening process of medicines under fire

The Health Insurance Review Agency plans to evaluate the economic effectiveness of over 3,000 medicines which belong to six therapeutic categories within this year under the new drug-pricing policy called the positive...

Restrictions on management of psychotropic drugs to be eased

Standards for management and handling of psychotropic drugs will be somewhat alleviated in pharmacy and medical institutions. To this end, the Korea Food and Drug Administration said on May 19 that it will revise r...

CJ to co-promote Herben, anti-hypertensive product

CJ CheilJedang says it has recently signed an agreement with Mitsubishi Tanabe Pharma Corporation and Welfide Korea to co-market an old-version calcium channel blocker Herben, which was developed by Tanabe Seiyaku and...

KFDA to promote voluntary validation by 2009

The Korea Food and Drug Administration said the concurrent validation rules will be implemented by December 31, 2009 by focusing on training, guidance and supervision. In an information session on May 19, the KFDA ...

Roche rejects supply of new AIDS drug

Roche, the maker of new AIDS medicine Fuzeon, says it cannot supply the medicine at the insurance price of 25,000 won, which has been recently proposed by the Ministry for Health, Welfare and Family Affairs. Roche ...

Pfizer, health ministry promote joint R&D projects for Alzheimer's disease

Pfizer, the world's biggest pharmaceutical firm, is trying to cooperate with the Ministry for Health, Welfare and Family Affairs injoint research and development (R&D) of Alzhei...

Government rules out privatization of health insurance system

The government reaffirms that it will not privatize the national health insurance system, while rejecting rumors that it would adopt a U.S.-style medical insurance system. In its press release, the Ministry for Hea...

Price of albumin to rise 5-9%

The government said the price of albumin would rise 5-9 percent to tackle the blood shortage. The blood shortage problem has recently worsened with large medical centers canceling operations due to a lack of blood ...

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