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1999 perspective in drug industry: Consolidated medical insurance.

The National Medical Insurance Corporation (NMIC) launched its operation in Oct. after merging the Korea Medical Insurance Corporation (covering the government employees and school teachers) and the Regional Medical I...

1999 perspective in drug industry: KRPMA and KPMA.

International Pharmaceutical Group (IPG), an informal organization of foreign invested pharmaceutical companies, will change their image under the name of KRPMA and launch its official function as a juridical body fro...

KFDA announced revised drug safety information administration act

The KFDA announced to revise the Drug Safety Information Administration Act on Dec. 28, removing the nomination system for specific hospitals and pharmacies as a monitoring institution of drug adverse reactions, and, ...

Items of consumer's drug to be sold at other stores than pharmacies.

1999 perspective in drug industry: Items of consumer's drug to be sold at other stores than pharmacies. The pharmacist community admitted that the separation system of medical/pharmacy practice and the new classifi...

1999 perspective in drug industry: Toll manufacturing system

It is very likely for the toll manufacturing system to be implemented next year, which has been requested since long time through various diplomatic channels by the foreign multinational corporations but permitted in ...

1999 perspective in drug industry: R&D of new drugs

After the adoption of product patent system in 1987, the local drug industry has exerted its best efforts for developing new drugs. Now, after a long dark tunnel, a small spot light seems to shine. SKI2053R (Sunfla...

1999 perspective in drug industry: Open retail price labelling system.

The current standard retail price system is abolished, and instead, the retail price labelling system will be effected from Jan. 1999 after due revision of the relevant provisions. The standard retail price was est...

1999 perspective in drug industry: Health and medical development plans.

The public hearing over the government consolidate project for the 21 century health and medical development took place at the auditorium hall of the Korea Institute of Health and Social Affairs on Nov. 17 and suggest...

1999 Perspective in drug industry: Pharmacy facility requirement.

Pharmacy can be established freely without any extra investment for facility and equipment as restricted previously under a certain requirement standard according to the newly revised law. Article 16 and Paragraph ...

1999 perspective in drug industry: Changes in rank.

Entry rush of multinational pharmaceutical corp. after IMF crisis. After the IMF crisis the local drug industry has been rapidly changed in its overall outlook along with an aggressive market entry of the foreign m...

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