All Type of News
New drug price system to determine on Aug. 9
The government tried to enforce a new drug price system adopting the bottom line of actual transaction in the market in order to eliminate drug price bubbles, and it seems to be determined on Aug. 9.
The Regulatio...
Establishment of foreign-invested corporate pharmacies eyed
Now that the government has finally decided to allow the establishment of foreign-invested corporate pharmacies in a bid to materialize the development of the western part of Seoul metropolitan region into the center ...
New entry of drug wholesalers grew up yearly 70%.
A whopping number of new drug wholesalers have surfaced to the drug wholesale market during the past one year in the wake of deregulation by the Regulation Reform Commission when launching the revised provision of dru...
KMA threatens to stage another strike against government's drug policy
The Korea Medical Association (KMA) has recently decided to go on a general strike (including nationwide rallies) against the government's drug-related policy, since the government did not respond to their request to ...
Multinational drug corporation actively to support public projects.
Many foreign multinational drug corporations in Korea actively supported the projects for public interests to carry out their management mission for "Healthy Life".
Their public project supports seem to be derived ...
Ethical drugs produced more after medical reform program.
After the implementation of the government's medical and pharmacy role separation program the production share of ethical drugs appeared far to surpass the OTCs by 63% out of the total finished drugs.
A...
Sanofi-Synthelabo to acquire Keunwha Pharm in 90.0 billion deal
Sanofi-Synthelabo Korea affiliated with the world's largest drug company, Paris-based Sanofi-Synthelabo of France, said on July 29 it signed an agreement with Keunwha Pharm in a bid to acquire the latter's pharmaceuti...
Foreigners are allowed to open pharmacy.
It is finally concluded that foreign corporate pharmacies are allowed to establish in Korea. For this new policy, 21 government divisions including the MOHW and the MOFE recently gathered together and decided to allow...
Civil groups urge adoption of generic-name based prescription
Health-related organizations and civil groups convened on July 29 a discussion for the amelioration of drug price policy and called for the government to adopt a series of drug-related policies designed to reduce the ...
Submission for a list of prescription drugs nullified
Despite the current regulations of the Korea Pharmaceutical Affairs Law that doctors are obliged to submit a list of their prescription drugs to the regional chapter of the Korea Pharmaceutical Association (KPA), whic...
