All Type of News
271 retail pharmacies shut down in 1999.
As a result of protracted business recession in the pharmaceutical industry and increased appearance of super cut rated pharmacies in the drug markets, many small and medium sized retail pharmacies have closed...
Insurance reimbursement prices for Imported drugs slashed by 2-3%
The government did not reflect the recent review of insurance prices of imported drugs to their price readjustment schedule but seems to apply 2 to 3% increases. after considering the fact that wholesalers supplied im...
5,960 won of dispensing fee suggested to be the most reasonable.
In the top executive member's meeting of the Seoul KPhA on Jan. 24 held at the KPhA office it was agreed that the most reasonable dispensing fee came out at 5,960 won with accounting reference to a model pharmacy loca...
Drug industry just to wait and see for M&A fever prevailed in overseas.
While the foreign multinational drug corporations were in an M&A turmoil for their survival in the world markets, the domestic drug industry seemed to make any movement for such external environmental challenges.
Dur...
Price dumping of imported drugs on critical edge.
In the hearing meeting for the government post administration of insurance drug prices it was unveiled that some wholesalers supplied imported drugs to hospitals at extremely lower prices, by 99% lower than the insura...
Private clinics on 4% revenue decline after new price implementation.
In the 3rd insurance reimbursement price policy meeting on Jan. 21, it was reported that overall revenues of private clinics and retail pharmacies fell down by 4% and 5% respectively after implementation of the drug p...
Domestic drug companies rush in Cisapride development.
Local drug companies rushed in a market search of Cisapride (Brand name: Prepulcid), a gastric motility enhancer, originally developed by Janssen, who has enjoyed the market with this product since long time but now e...
Revised working rules of pharmaceutical affairs law drafted and disclosed.
Pharmacists may be penalized with disqualification or revocation of the license when violating the regulation or provisional process specified for a change, modification or substituted dispensing of physician's prescr...
Actual purchasing price reimbursement system on drift.
The government new insurance drug pricing policy seems to be drifted apart from originally targeted plans as the government allowed the primary medical institutes to postpone their report obligation of the drug purcha...
Drug makers and wholesalers accused for drug supply to incorporated pharmacies.
Following execution of 25 incorporated pharmacies, Seoul KPhA is now going to accuse drug makers and wholesalers to the KFDA who supplied drugs to these incorporated pharmacies.
The MOHW earlier made it clear that...
