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Community Pharmacies Expand Concept of Stores Within Pharmacies

The concept of shop-in-shop, which features specialty sections within a pharmacy or a second store, has been expanded to include infant supplies, opticians, stationery, and convenient stores following functional foods...

Conflict Between Govern't and Pharm Industry Due to Enforcement of Diminishing System

The conflict between the government and the pharmaceutical industry is growing because KPANET is strongly opposing the diminishing system of medicine management charge which the Ministry of Health and Welfare will try...

Insurance for COX-2 Inhibitor Should Cover Aged People

An argument was raised which says insurance support for the COX-2 inhibitor should cover aged people. The Penguin Association, a Korean association for overcoming arthritis disease, held an 'Arthritis Health Semina...

Emergency Contraception Allowed to Be Sold as a Ethical Medicine on November 12

The Korea Food and Drug Administration (KFDA) has announced that it would allow the sale of the emergency contraception pill classified as a ethical medicine starting November 12. The KFDA is known to be in discus...

Choongwae Pharma Reorganizes by Expanding Health Care Business Headquarters

Choongwae Pharma Corporation reorganized their structure by creating sales departments by region which are divided by business department such as Medical Business headquarters and subdividing the company's manufacturi...

Korea Mypharm to merge Bando Pharm. Co.

A drug franchise company named Korea Mypharm (Representative: Huh Young-joon) has acquired Bando pharmaceutical company that was recently defaulted. Korea Mypharm is running a drug wholesale business too. Now, Kore...

Insured Price of Generic Medicine Set at 80% of Registration

The pricing strategy for medicine by pharmaceutical companies will change inevitably because of practically lower margins after the insured price of new generic medicine with the same component was set at 80% of regis...

Substitutive dispensing to grant for drugs proven of bio-equivalency.

The KFDA intends to ask the MOHW to allow pharmacies for the substitutive dispensing without physician's prior agreement when dispensing drugs proven of its bio-equivalency for the purpose of promoting their bio-equiv...

KPMA calls for drug companies to take part in hospital tenders.

Following Oct. 17 the KPMA requested to the government again on Nov. 5. for allowing the drug manufacturers to take part in the hospital's open public tenders if the government post-supervisory controls over the drug ...

The era for Medical Representatives is coming up.

The KPMA announced that so called the MR (medical representative) qualification system would be soon adopted. Then, the prestige of the MR job in most of pharmaceutical companies may be significantly upgraded. The MR ...

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