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On-line health insurance screening claim planned from next year

The government plans to operate an on-line system for health insurance screening claims from January next year, according to a government official at a local forum on December 4. The government is now building a co...

Ildong inked with NBP Pharmaceutical to introduce China's first class new medicine

Ildong Pharm has signed an exclusive license agreement with ShiJiaZhuang Pharma Group NBP Pharmaceutical Co. in Peking to distribute in Korea Butylphthalide soft capsule (3-nbut...

Effects of generic drugs questioned

The 576 generic drugs on the market are suspected of bioequivalence data fabrication, the Korean Medical Association (KMA) announced on November 3. For this reason, the KMA will release a list of these items, whic...

19 pharmaceutical firms open 41 subsidiaries overseas

The nation's 14 pharmaceutical manufacturers have set up a total of 14 foreign branches as pat of strategies to expand into overseas markets, according to data released by the Korea Pharmaceutical Manufacturers ...

Drug makers call for postponing implementation of KD code

The government's standardized drug bar-code (KD code) plan intended for ensuring better fair trading practice will have to be implemented in 2009, the Korea Pharmaceutical Manufacturers Association said. In its pet...

Presidential nominees urged to boost social welfare policies

Presidential candidates will have to put priority on expanding the coverage of the nation's social welfare, an official at the healthcare institution said. It is regrettable that politicians have focused too much o...

New facility space decree to be promulgated

The government plans to announce newly revised decree to regulate the minimum warehouse space of drug wholesalers by 800 m2 within this week, according to the Ministry of Health and Welfare. Under the plan, wholes...

More tax exemption plan for R&D spending to take place in next January

With the National Assembly to delay 2008 budget bill amid political parties' confrontation ahead of the Dec. 19 presidential election, the government's plan to expand tax exemptions for corporate investment in researc...

Drug markers to face on-spot inspection over rebates

The Ministry of Health and Welfare reaffirmed on December 3 that the ministry could scrutinize the country' pharmaceutical firms, hospitals and wholesalers in relation to undue business practices, upon receiving a lis...

Output of multinationals showing sluggish trends for 5 years

The Korea Pharmaceutical Manufacturers Association says that it recently analyzed drug output trends for the past five years for foreign-invested pharmaceutical firms and found that their annual output sizes have ...

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