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NorLevo unlikely sell as an OTC drug.

NorLevo is an emergent contraceptive pill which was registered under the prescription drug category. The KFDA recently notified to Hyundai Pharm. Co., the importer of NorLevo, to report the provisionally precondit...

Government to embark on model development project for calculation of medical treatment charge

The Ministry of Health Welfare recently said that it appointed Dr. Choi Byung-ho at the Korea Institute for Health & Social Affairs as a head of a model development project to lead the calculation work of conversion i...

Pharmacist license system to be further ameliorated

The government is willing to promote the current training program or establish separate courses for some pharmacists who have failed to use their license for a certain period of time, according to the Korea Pharmaceut...

National Pension funds gained 6.35% of operational profits last year.

The National Pension Fund made about 6.35% operational profits last year, showing a slight down from the previous year of 8.99%. The National Pension Fund Management Council took a meeting on May 29, reporting that...

Some multinational firms threaten to sever relationship with existing wholesalers

Business sources say that some foreign-invested pharmaceutical firms, which have had a joint outsourcing partnership with Zuellig Korea, are moving to sever the existing relations with domestic wholesalers and this th...

KFDA vowing to toughen regulations on wholesalers

The Korea Food and Drug Administration said it will strengthen its ex post facto surveillance on the existing KGSP (Korea GOOD Sales Preactice)-accredited wholesalers in a bid to ensure the transparency of drug distri...

AstraZenca's new drug for stroke conducting phase IIB study in Korea

AstraZeneca announced that the phase IIB study on the new drug for stroke (Stroke Acute Ischemic NXY-059 Treatment: SAINT) seems to be conducted for the first time in Korea. The clinical study for NXY-059 (brand na...

National pension premium rate to be seen drastic hike

The National Pension Development Committee, which have been bracing for Korea's better pension finance since its establishment on March 19, 2002, said it made a recent conclusion that the people needs to shoulder a la...

Inquires for oral pills rising while artificial abortion down.

In contrast with the inquiries for the artificial miscarriage showing ever declining trend, the oral pills increasing . According to a survey conducted by the Contraceptive Research Club (Chairman: Lee Lim-soon) t...

KFDA set up new drug R&D supporting division.

Dr. Shim Chang-koo, the KFDA Chief Commissioner, indicated in the CEO breakfast meeting "To be born as a new drug developing nation" at Palace hotel on May 28 that the relevant provisions and other system should be ap...

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