All Type of News
National Assembly to show negative response to reference pricing system
As Kim Sung-ho, the new health and welfare minister of Health, said in an earlier stage of taking up the post that the ministry had been actively considering adopting the reference pricing system as a way to stabilize...
KFDA positively to entice natural new crude drug development.
The KFDA put an aggressive policy of inducing the industry to develope new natural crude drugs after revising the relevant registration provisions as of Aug. 1, but some critics pointed it out as an administration pol...
Discount on credit collection deemed it normal deals.
The KPMA filed an inquiry to the government for the legal interpretation of the discounts on credit collection in viewing it a normal commercial practice, and claimed that such discounts practice should be excluded fr...
Dongshin Pharm to recall imported oral BCG vaccines
Following the August 13 report of Reuters News Agency that Powderject Pharmaceuticals Plc in the U.K. voluntarily recalled BCG (tuberculosis) vaccines due to a small number of batches which did not meet the end-of-she...
KHA to oppose minimum drug pricing system
The Korean Hospital Association (KHA) opposed the imminent implementation of the minimum drug pricing system related to the government's ceiling criteria of drug prices, calling for adoption of more improved report pr...
MOHW still shows lukewarm attitude on issuance of doctor's prescription
Last month, the Ministry of Health and Welfare (MOHW) tentatively decided to adopt 'issuance of 1+α prescription' in its prescription format committee where the representatives from the medical circle, civil groups, H...
Large domestic distribution firm launched
Geo-Young, a new large holding company for drug distribution, inaugurated its launching ceremony on August 26 at Ritz Carlton Hotel for heralding more advanced drug distribution operations in Korea.
Chairman Lee He...
Total pharmaceuticals produced last year at 1.55% of GDP.
The share of pharmaceutical production vs. GDP last year was 1.55%, showing a slight slow compared with the previous year probably due to depressed OTC market after the implementation of the medical and pharma...
SMAB unveils plan to foster 500 promising venture firms
The Small and Medium Business Administration (SMBA) recently unveiled a plan to provide various supports to promising venture firms in an effort to expedite their advancement into overseas markets.
The SMBA will se...
Diet supplements business sharply depressed due to toxicity scandals.
The diet supplement product business has been drastically plunged as the toxic problems bursted out in the imported diet supplement products, which was detected and reported by the KFDA especially among the products s...
