All Type of News


Drug price and medical reimbursement price adjusted simultaneously.

The 21st century forum of the KPMA concluded in their meeting on Sept. 13 and raised clear requests to the government that the issues of drug price reduction (30.7% on average) and the medical reimbursement price incr...

Green Cross acquired 7.3% shares of Sang-A

Green Cross purchased a massive portion of Sang-A's shares to become the 2nd majority shareholder. Sang-A pharmaceutical company was bankrupted and now under the court management control. Green Cross bought 48,690 st...

Special notification to enact against unfair trade practice on insurance drugs.

The KPMA proposed to the Fair Trade Commission to legislate a special provision for blockading unfair drug trade practices such as an internal drug purchasing contract made between the hospital and the drug supplier s...

Maker, product and ingredients to be described on PTP and Foil packed drugs.

The civic group earlier raised the description issue for the package of drugs so that pharmacists could not dispense any general or professional drugs by their own wills without physician's prescriptions. For this pur...

Bridging study to launch after coming Oct.

The revised bill of "Regulation pertaining to Drug Safety and Efficacy Evaluation" looks delayed in its implementation probably after the coming Oct. The regulation replaces the current clinical phase III study requir...

Insurance drug prices to slash soon

Prices of about 15,000 insurance drugs seem to be cut down by 30.7% on average taking effect from Oct. 1 along with implementation of actual purchasing price reimbursement system, the MOHW will announce within this we...

Pharmaceutical production shared 1.8% of GNP.

The contribution of drug production to the GNP showed remarkably declined last year. The total production value of drugs last year dropped by 2.1% from the previous year largely due to the IMF economic turmoils,...

Pharmacy plans to boycott Viagra sale.

The KPA, a pharmacist association, clearly indicated that every possible measure including an administrative litigation would be made against the conditional sale of Viagra that required for patients to show their phy...

Venture entrepreneur era predicted to come in drug industry.

Amid the pharmaceutical industry being emerged as one of the most attractive business in 21st century there appears a new sign for the R&D of drug industry in Korea. As many venture companies for an R&D of new drugs a...

Insurance drug price slash alerted to drug industry

The drug industry seems to encounter the impending heavy blow of insurance drug price slash by 30.7%. If the slash is executed, the drug industry will face serious difficulties in achieving their management target t...

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