All Type of News
Nanomix to build a biological database
The startup company Nanomix, which was newly formed by the Korea Institute of Science and Technology, said recently that it had successfully established a biological database incorporating DNA genes of human, animals,...
Financially battered drug companies successfully survived.
During the IMF financial crisis in 1997 several domestic drug corporations were drowned into a deep swamp including a court control or a workout establishment but gradually restoring their competence now almost to qui...
Use of name "medical" will be prohibited as sign of pharmacy
In a recent question that the use of "00medical" may be recognized as the name of pharmacy, the Ministry of Health and Welfare replied that a proprietor of pharmacy should not use the name, since it is apt to be misle...
Government to revise pricing calculation criteria
The Ministry of Health and Welfare adopted a revised insurance price-setting process plan for new drugs, which is based on prices listed in the insurance books of seven advanced countries as of end-August this year.
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Cut in pharmaceutical prices worries domestic industry
The turmoil surrounding imminent reduction of insurance drug prices is mounting in the domestic pharmaceutical industry, as the government is pushing ahead of a new drug price re-evaluation system as a means of improv...
Bio equivalency test mandatory for copy drug registration.
Effective from July 2004 the bio equivalent test data will be mandatory to submit for the registration of copy drugs, and the drugs proven of bio equivalency are entitled to increase its price by 80% from the comparab...
13 patients were dead in Japan with side effects of Iressa
AstraZeneca's Iressa, which was first approved on July 16, 2002, by the Japanese Ministry of Health, Labor and Welfare (MHLW) for the treatment of advanced non-small-cell lung cancer, was reported to cause severe side...
Novartis to seek BT cooperation with domestic institutes.
Novartis, a foreign multinational drug corporation in Korea, is now seeking a research cooperation with outstanding domestic research institutes in the field of biological science.
Two high executives of Novartis A...
15 multinational pharmaceutical firms producing most frequently prescribed drugs
The sales of multinational firms increased greatly thanks to their frequently prescribed drugs after the implementation of a new system of separating drug dispensing from medical practice, which was adopted by...
Drug suppliers required to submit their third-quarter records
The Ministry of Health and Welfare (MOHW) has called for drug manufactures and importers to directly submit to the ministry their supply records of insurance-covered drugs transacted in a period ranging from July to S...
