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Law pertaining to new drug R&D promotion from natural resources.

The National Assembly enacted the law pertaining to new drug R&D promotion from natural resources to make a bridgehead for advancing the domestic drug industry in the 21st century. The law jointly raised by 13 ruling...

Pharmacy's insurance to be billed at actual prices.

The actual purchasing price reimbursement system will be applied to the pharmacy as well, and therefore effective from Feb. next year the pharmacy shall bill the insurance drug medication at actual purchasing prices. ...

Drug industry counteracted against civic group's telltale on tax dodging deals.

The Citizen's Coalition for Economic Justice recently divulged in public about the drug trade of no official invoices in the market, for which the drug industry was absolutely embarrassed and responded it as a rootles...

Major listed drug companies improved profit structures.

It is predicted that the leading pharmaceutical firms made quite an attractive profit structure while seeking a management stability during the 1999 fiscal year. SK security company surveyed 18 listed dru...

KPMA decided to eliminate unfair business deals

The KPMA made a resolution for elimination of any unfair trade practices in drug supplies and the best efforts for the Actual Purchasing Price Reimbursement system to be settled down as early as possible. The Fair ...

Drug industry may face big problems with returned goods.

As the National Assembly passed to vote for the revised pharmaceutical affairs law covering the new medical and pharmacy separation system, the drug industry is supposed to take major preparatory jobs for implementati...

New insurance drug prices on far abnormal deals

Even at the early implementing stage of the actual purchasing price reimbursement system, the actual market prices of many items went remarkably amiss with the lower limit of the standards to an extent that the antici...

KFDA plans to set additional divisions for new drugs and cosmetics.

The KFDA proceeds in establishment of additional organizations for an administration of new drugs and cosmetic products since so many works were loaded to the clinical studies as resulted from the introduction of new ...

Bill of revised pharmaceutical affairs law finally passed through National Assembly.

The bill of the revised pharmaceutical affairs law has been finally voted to enact in the ordinary session of the National Assembly on Dec. 7 along with other 14 different bills of the health and welfare related acts....

KFDA announced enactment of administrative guidelines for equivalent drug efficacy test.

The KFDA plans to declare an advanced announcement for the enactment of the administrative guideline for an equivalent drug efficacy test in order to prepare the forthcoming implementation of the government medical an...

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