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Revised working rules of pharmaceutical affairs law to effect from Oct. 1

The MOHW promulgated the revised new working rules of the pharmaceutical affairs law on Oct. l, some major changes of which are as follows: -So far the government has restricted authorization of manufacturing or im...

MOHW announced previously revised bill of pharmaceutical affairs law.

The MOHW drafted the revised bill of the pharmaceutical affairs law based on the final determination having made during the 2nd meeting of the Separation Execution Commission on Sept. 27 and took its previous announce...

Government price reduction plan of insurance drugs put off till Nov.

(Urgent) The government plan for insurance drug price down as originally scheduled to implement from Oct. was postponed to Nov. 1 due to dispute unsettlement raised by civil consumer protection groups. The MOHW ...

MOHW reconfirmed implementation of separation plan as planned.

In the parliamentary inspection meeting of the government administration, Minister Cha Hung-bong of MOHW reported on Sept. 29 to the National Assembly that the medical and pharmacy separation plan should be well prep...

1,500 billion won subsidy for new drug R&D by 2010.

The MOHW announced in the meeting of the parliamentary inspection of the government administration that 1,500 billion won of financial subsidy would be provided for the R&D of new drug discovery by year 2010 especial...

KRPIA positively considers to prosecute unfair trade practices.

In line with forthcoming implementation of the new insurance drug price system, Actual Purchasing Price Reimbursement System, it is said that the foreign multinational drug corporation circle, KRPIA, positively studie...

KFDA set forth revaluation of 1,544 drugs next year.

The KFDA announced that the drug revaluation works would be conducted for the total 1,544 products including 240 hormone and 250 remedies for anal use, and the detailed scope of revaluation drugs are as follows: Ho...

Post administrative control on insurance drug prices to reinforce.

The MOHW plans to establish a strong administrative control system for insurance drug prices in association with the Korea Federation of Medical Insurance (KFMI) and the KPMA in line with the upcoming implementation o...

KPhA stressed importance of pharmacy specialization.

To cope with upcoming implementation of the medical and pharmacy separation system, the KPhA pointed out that each pharmacy should accept the separation system in positive attitude and exert more efforts for preparati...

Financial safety in drug industry far improved last year.

According to the 1998 financial analysis reported by the Korea Industrial Development Bank, the pharmaceutical industry showed that the financial safety was good but profitability poor in 1998 compared to the previous...

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