All Type of News
Bar code system to apply for all pharmaceutical products from July.
According to the bar code description and administration guideline announced by the MOHW on Feb. 1, the new system seems to be implemented from July 1 this year applying to all pharmaceutical products except herbal me...
Bona-S requests for proforma invoice of insurance drugs in trouble.
The actual purchasing price reimbursement system faced many difficulties from the public tenders invited by the national and public medical institutes for their purchase of insurance drugs at extremely lower prices. U...
322 imported drug prices to be cut down.
As of Feb. 1 the MOHW announced the new medical insurance price list, containing the price reduction of the total 322 items by 2% including 310 imported drugs, approval of new entry for 11 products including Monoclate...
Compensation for damage on dispute between Korean and Japanese companies.
Il Dong recently filed an arbitration to the Japanese International Commerce Arbitration Association (File No. 99-11) against Mitsubishi Tokyo Pharmaceutical Co. for settlement of the dispute on Arlnert.
Il Dong ma...
Certificate of drug supply to be attached.
As wholesalers supplied drugs at dumping prices to national and public medical institutes from the early of the year and the supply of imported drugs to them at far lower prices was also confirmed in the government pr...
Drug inventory reserve center to be established.
The MOHW assigned a study to Korea Institute for Health and Social Affairs (KIHSA) for preparation of a smooth drug supply program, a plan for establishment of the Drug Inventory Center, which is now getting in shape ...
Local franchise drug companies actively to tie up with foreign drug firms.
To prepare forthcoming new market environmental changes possibly caused by the implementation of medical and pharmacy separation system as scheduled from July 1, many local hospital sales oriented drug companies and f...
Hangul or English drug names to be described on physician's prescriptions.
From July 1 physicians and dental doctors may issue prescriptions in Korean or English only so that pharmacists could easily read them and possible confusion would be prevented in advance. Upon patients' request, the ...
Daewoong and Samyangsa on strategic tie-up.
Daewoong and Samyangsa made a strategic business tie-up on Jan. 21 for the production and the marketing of the patch type of drugs, aiming at a synergic effect by both parties who may intensify and exchange their powe...
Unfair drug trade dealt in secrecy
Even after the implementation of the actual purchasing price system a lot of unfair drug trade practices seemed to be widely spreaded in secrecy in the market, which included cash donations and scholarships.
The drug...
