News About: Goverment
Innovative and generic drugs to be hit by price cuts in October
The government says its price cut proposals for insurance covered drugs will be implemented in October as originally planned, after completion of cost-effectiveness analysis and set a standard price based on the resul...
KFDA to amend drug master file system by phase
The Korea Food and Drug Administration plans to overhaul the current drug master file system by 2015 in a bid to ensure the international harmonization of drug related application documents.
Under the newly revised...
Korea to invest 55.2 billion in health and medical R&D in latter half
The government plans to invest a total of 55.2 billion won in the second half of this year to nurture the local health and medical sector through research and development (R&D) projects. The plan was unveiled by the M...
KFDA to support off-label use of medications
The Korea Food and Drug Administration plans to provide a variety of incentives to an applicant intends to initiate new clinical trials of off-label drugs to generate additional data for approval agencies to expand in...
Concept of fair trade code still novel to local large hospitals
Some of local large hospitals are being criticized for breaching the country’s fair trade law as they are said to ask a detailed invoice for supplied drugs including unit price and wholesaler margins.
Critics say t...
DMF system to cover all pharmaceutical raw materials
The Korea Food and Drug Administration is considering implementing the full drug master file system to cover all of the drug related ingredients, while scrapping the duplicate approval or notification system of pharma...
Government to designate sibutramine as misuse or overuse drug
The Korea Food and Drug Administration is soon considering designating weight loss drugs, such as sibutraime or orlistat, as there is a risk that these medicines may induce overuse or misuse.
The drug agency comple...
Drug on market to be re-evaluated every 5 years
The Korea Food and Drug Administration announced on September 3 that medicines belonging to five therapeutic categories, which was/will be approved within 2013, will be re-evaluated once per year in keeping abreast of...
Government gets tough on health insurance fraud
The Health Insurance Review Assessment and Service disclosed the cases of pharmacy related false reports on September 1.
The types of violation include unauthorized dispensing of drugs, substitute dispensing of oth...
Government unlikely to grant self-disciplinary action right to doctors
The government is not considering any grant of self-disciplinary action right to the local medical organization, a health ministry official said.
In a recent forum over deregulation on August 31, the ministry’s off...
