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‘Forsteo’ insured in 10 years of commercialization starting from December

The world’s first osteoporosis injection of Lilly Korea(CEO Paul Henry Huibers), ‘Forsteo Inj(generic name: teriparatide)’ has been covered by the National Health Insurance since the 1st of December in accordance with...

Listed pharmas lowered dependency on loans, but focused on conservative management

It was observed pharmaceutical companies have reduced dependency on loans from foreign capital. Although interest rates have kept low, pharmaceutical companies are still carrying out conservative management instead of...

Dong-A Pharm’s guilt finalized for provision of largest amount of rebates in history

Dong-A Pharm was finally given a judgement of guilt for provision of the largest amount of rebates as lecture fees to doctors. On December 1, the Supreme Court Petty Bench I(Justice Shin Kim) finalized the original r...

Increased No. of employees in listed pharmas by 1,120 people this year

This year, listed pharmaceutical companies were observed to recruit about 1,000 new employees. Moreover, 2 of 3 pharmaceutical companies were analyzed to increase the number of employees; thus, the pharmaceutical indu...

Prosecution’s active investigations on influential pharmas

While the major rebate cases which surprised the industry this year are coming to an end, the pharmaceutical industry has paid sharp attention to investigations on influential pharmaceutical companies being conducted....

MOHW plans to make amendment to Post-Marketing Drug Price Management System this year

The Ministry of Health and Welfare(MOHW) will announce the Post-Marketing Drug Price Management System within this year. The MOHW held a general meeting for the ‘Council for Post-Marketing Drug Price Management Syst...

‘3 Rebate Prohibition Laws’ pass National Assembly plenary session

After going through ups and downs, an amendment to the Medical Law which includes a bill to tighten punishment for medical service providers receiving rebates passed the National Assembly plenary session. The Nationa...

MOTIE decides to invest KRW 38.5 billion for early-phase bio-ventures

A route was created for Korean biotechnology ventures to easily attract investments in their early phase. It was announced on the 30th of November that the Ministry of Trade, Industry and Energy(MOTIE) and 17 privat...

Extreme price gaps for uninsured medical expenses

The Health Insurance Review & Assessment Service(President Myung-Sei Sohn, hereinafter referring to ‘HIRA’) will extensively reveal the ‘2016 Uninsured Medical Service Expenses by Medical Institute’ from the 1st of De...

Medical Law to tightening punishment for medical providers receiving rebates passes

The amendment to the Medical Law, which strengthens punishment on medical service providers receiving rebates and obligates surgeons to explain surgical procedures, passed the plenary session. The National Assembly O...

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