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"New Chemical Compound Bank" to establish for new drug R&D.

The Industrial Technology Research Society established the New Chemical Compound Bank of Korea in the Korea Chemical Research Institute initially with 600 million won of investment and further 5 billion won to put in ...

Registration of all Ferrin preparations cancelled.

The KFDA finally decided to cancel the product licences of 79 Ferritin preparations, a hematinic drug, from 51 companies (73 finished products from 47 companies: 68 domestic products from 43 local companies and 5 impo...

Minister Cha stressed earlier settlement of insurance drug pricing system in his press interview.

Mr. Cha emphasized to say in his special interview for the 46th Yakup anniversary event on March 16 that the actual purchasing price reimbursement system should be softly landed and for this purpose the thorough post ...

KPMA asked compensational measures for losses caused by implementation of separation system.

The KMA claimed their position of the current industrial business difficulties and asked for in one way or the other an appropriate compensational measure to be made for about 250 billion won of financial burdens accr...

Grand debate on early settlement of separation plan proposed by KPA.

President Kim Hee-joong of the KPA had a professional press meeting on March 23, just 100 days to go for the launching of the government medical and pharmacy separation plan, and stated that the separation plan be a r...

Medical insurance reimbursement prices for pharmacies and clinics to adjust.

Effective from April 1 as the lst step, the medical insurance reimbursement price seems to be increased by 9.6% on average for clinics and 8.1% for pharmacies, said Minister Cha of the MOHW on March 24 at the press in...

Police investigation on manufacture and national examination of Albumin

A lightning police investigation attacked to the manufacturers of Albumin ("N" and "D" company), the KFDA and the Red Cross on March 21 under the command of Seoul District Prosecutor's Office, the Special Task Divisio...

Disease and classification code number on prescription not required.

The KMA submitted a recommendation letter to the MOHW covering that the disease and classification code number on the prescription format would be removed as claimed by the pharmacist association. The KMA also transmi...

65% of Up/Myon townships to be excluded from government separation practices.

65% out of the total 1,425 Up or Myon townships across the nation seems to be excluded from the government medical and pharmacy separation programs as scheduled to implement from July 1 this year. The MOHW statisti...

R&D cost reflected to medical insurance drug prices

In the top executive meeting of the KPMA it was agreed that the R&D cost for a new drug development should be reflected to the medical drug insurance price so that the company could return their heavy investment as ea...

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