All Type of News
Seoul KPhA establishes Pharmacy Management Cooperative Council.
Seoul regional office of KPhA plans to establish so called "Pharmacy Management Cooperative Council (PMCC)" in coming November for the purpose of 1) small/medium sized pharmacy management improvement and enhancement o...
Price reduction details on all insurance drugs opened in public.
The MOHW disclosed all price cut details of 13,922 insurance drugs by pharmaceutical company on Oct. 23 far before the official notification probably so as for the drug industry to cope with environmental changes like...
Earlier adjustment on medical reimbursement prices desirable.
The government announced earlier that the insurance drug price reduction and the medical reimbursement price increase should be simultaneously carried out. However, the medical community sensitively concerned about th...
Current pharmacy insurance scheme to be discontinued on launching new separation system.
The current pharmacy practice under the medical insurance system allows pharmacists to dispense medication without physician's prescription and to be reimbursed through the medical insurance scheme. However, upon impl...
Japanese drug companies modifies their strategy in market entry.
After the IMF economic crisis many foreign multinational pharmaceutical corporations were emerged out of the depressed business environment with more aggressive market entry by means of taking over the shares owned by...
Drug price cut after due post-administrative measures.
A sudden eruption of medical community's backlash against the government medical and pharmacy separation plan and thereby a counter-reaction of the civic groups put the issue of drug price slash along with the medical...
Foreign company group no longer interested in new standard for drug price determination.
The foreign drug company group has participated in the revising works for the price determination standard of new drugs but seems to withdraw its involvement probably on account of no chances for any desirable achieve...
KFDA painful how to control illegal drug sales through internet channel.
The illegal drug sales through an internet channel has shown a growing trend, for which the KFDA is at pains how to control.
Recently it was found that Cyber hospital (Apayo hospital), a cyber commercial company, e...
Strategic tie-up between domestic and foreign companies on soaring trend.
In an attempt to maximize procurement of domestic market shares within a shortest possible time many foreign invested drug corporations are trying to make a strategic marketing tie-up with domestic pharmaceutical com...
Excise tax on nutrient and tonic drugs no longer charged
All nutrient and tonic drugs under the classification code No. 329 except products containing active ingredients of deer horn and royal jelly may be exempted from the excise tax charges from coming Nov. when the Natio...
