All Type of News
Overlook of envisaged Functional Health Food Law outlined
The Functional Health Food Law, which awaits an approval from the Regulatory Reform Committee and the Ministry of Legislation, will likely be implemented soon as the government vowed to implement this law as soon as p...
Foreign-invested pharmaceutical firms suffer less damage from price cutbacks of drugs
The government is likely to attempt a smaller-than-expected price reduction on main drugs produced by the 22 multinational pharmaceutical firms, while some foreign-invested firms will suffer substantial dama...
Novartis Korea to name William Charles as new executive director
Recently, Novartis Korea appointed William Charles to serve its Business Franchise Primary Care and Mature Products Division, a core business of the company.
William Charles started his career as a sales person of ...
Hospitals may provide professional services for private clinics.
To relieve many ailing small and medium sized hospitals in their business management, 20 lawmakers including Rep. Kim Myeong-seop, the ex-president of KPA, raised a revision to the Medical Service Act, containing that...
980 drugs of 144 companies faced with 9.99% price slash.
The government post-supervision over the actual transaction drug prices in the markets brought out a massive NHI reimbursement price slash, in maximum up to 9.99% for 980 drugs supplied by 144 companies.
The superv...
Domestic pharmaceutical firms regaining ground in ethical market
Stimulated by the recent trend that some hospitals including university hospitals, which have heavily prescribed original drugs, are switching their prescription patterns in favor of locally produced items, domestic p...
KMA requires immediate withdrawal of current DRG system
"The current DRG (diagnosis related group) system, a classification of hospital case types into groups expected to have similar hospital resource use, should be immediately scrapped, in that such system may cause the ...
Mukhtar Haider heads BMS Korea
BMS Korea has appointed Mukhtar Haider as its new president and he will assume the presidency next month.
Haider, a Pakistani doctor, joined Pakistan BMS as medical director and has held positions of regional direc...
Drug industry evading drug equivalency test works
The drug industry paid more interests in the bio-equivalent tests than the works on drug equivalency proof for general drugs, which ultimately resulted in number of generic drugs being so declined that the generic dru...
Premium rates should be kept in principle of equity.
The provisions covering the National Health Insurance (NHI) and the National Pension Plan seem to be revised to the effect that any unfair and false premium reports at far lower charges should be notified to the Natio...
