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Reference price system unable to enforce within this year.
The Reference Price System seems unlikely to be enforced within this year but very likely transferred to the next government.
The MOHW met with members of the Health and Welfare Commission of the National Assembly ...
Several firms won subsequent injunction trials on suspension of drug prices' reduction
Business sources say that the government's aggressive move to reduce the overall insurance prices will come to a halt due to the subsequent court rulings in favor of several pharmaceutical firms which filed their peti...
Establishment of local corporate pharmacies eyed
Influenced by the government plan to allow the establishment of corporate pharmacies to foreigners in the Special Economic Zones as part of transforming Korea into the international business hub of Northeast Asia with...
Daewoong Pharm spinning off businesses
Daewoong Pharm officially decided on August 30 its plan to separate its business into two parts during a recent special shareholders meeting.
Under the split-off plan, Daewoong Pharm is to break off companies into...
C-Tri to speed up R&D for new drugs.
C-Tri Co., a bio-tech venture company (www.c-tri.com) plans to have a temporary shareholder's meeting on Aug. 23 to ratify the M&A with Chirogene after taking over Chirogene Co., another bio-tech venture company havin...
MOHW to forge ahead with reference drug pricing system
The Ministry Health and Welfare (MOHW) announced that the reference pricing system (RPS) designed to set a coverage ceiling on drugs with similar efficacy will be applied to 4,514 drugs among 11 therapeutic categories...
Lee Hoe-chang to keep medical reform program intact, only partially supplemented.
Mr. Lee Hoe-chang, the GNP president candidate, said in the meeting with executive members of the KPhA at the GNP office on Aug. 28 that he was deeply paying attention to the medical and pharmacy role separation syste...
Some pharmaceutical firms won injunction trial on suspension of drug prices' reduction
In a recent ruling of an injunction trial raised by some pharmaceutical firms against the Ministry of Health and Welfare, a Seoul administrative court made a ruling in favor of Pharmacia Korea and Hanyoung Pharm, to t...
Revised law on organ implantation promulgated
The revised law on organ implantation, which was passed from the National Assembly on August 26, was promulgated and will take effect 6 months after promulgation.
The revised law intends to meliorate some problems ...
Cheiljedang opened multi-healthcare shop at Cheongdam Seoul.
Cheiljedang CJ Neutra has opened "Health Multishop", a 3 storied and large scale of mart specialized for health food supplements for the first time in Korea at Cheongdam dong in Seoul.
The shop displayed about 40...
