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Turnover of domestic pharmaceutical firms up 8% in first quarter
The combined turnover of the 22 major domestic pharmaceutical firms (except for Korea Green Cross, Chong Kun Dang Corp., and Chong Kun Dang Bio) in the first quarter of this year marked 629.9 billion won, representing...
MOHW to call for having more prescriptions of low-priced drugs
The Ministry of Health and Welfare (MOHW) urged at a recent session for representatives of national/public hospitals throughout the country that the prescription of high-priced drugs be discouraged for better finance ...
Lee Hoi-chang raises need for revision of SDP function
Lee Hoi-chang, presidential nominee of Grand National Party (GNP), said that the revision of SDP function (a system of separating drug dispensing from medical practice) should be carefully considered in the midst of a...
Korea's drug expenditures on rise
The Health Insurance Review Agency (HIRA) says Korea's drug expenditures including treatment outlays amounted to some 1.29 trillion won in the first quarter of this year, rising 20 percent from 1.07 trillion won marke...
KFDA, establishment of clinical study division on action.
The KFDA plans to establish a new division affiliated to the Drug Safety Bureau, called "Clinical Study Division" for an efficient control of clinical studies and fostering the new drug development. The KFDA requested...
Foundation of Korea Bio-pharmaceutical Center going unclear.
The KPMA and the Korea Health Industry Promotion Board (hereinafter called Promotion Board) tried to set up "Korea Bio-pharmaceutical Center" in Scotland, the Mecca of Bio-pharmaceutical industry, but faced a lot of c...
Presidential nominees showing their different reaction on the current separation system
Analysts said that the current system of separating drug dispensing from medical practice (SDP function) has been floating as a hot issue in the political arena, since two presidential nominees think that the SDP func...
Sales promotion for physicians to raise serious problems.
The lavish sales promotional activities toward physicians by pharmaceutical companies raised too serious problems, keeping physician's prescriptions with expensive branded drugs, which in turn deteriorates the NHI fin...
Establishment of Health Food Department eyed
The Korea Food and Drug Administration (KFDA) has recently announced that a new health food department will be established within this year, in line with the impending enactment of Special Health Food Law. To this end...
Fosamax 70mg shown to be effective in the increase of bone mass density
MSD Korea said that Fosamax inj. was shown to be more effective in the increase of bone mass density, compared with risedronate, according to the recent session of the World Osteoporosis Association which was held in ...
