News About: Goverment
Health ministry unresponsive to reference pricing system
Despite the state auditors’ recommendation, the ministry of Health, Welfare and Family Affairs intends to reserve the introduction of a reference pricing system.
“The system should be backed by the national consens...
Korea’s regulator supports flexible small-package system
The Korea Food and Drug Administration supports the concept of making the mandatory small-package system operate like a way that drug makers will be allowed to flexibly produce small-package drugs within 10% of the to...
Health Ministry likely to lower drug prices
The Ministry of Health, Welfare and Family Affairs is considering lowering the prices of off-patent medicines to comply with the state auditors' recent call.
The ministry’s action came after the Board of Audit and ...
State auditors ask health ministry to reassess minimum actually traded price system
The Board of Audit and Inspection called for the Ministry of Health, Welfare and Family Affairs to ameliorate the current actually traded minimum price system to rationalize rising medication costs covered by the stat...
Jeon named new health minister
President Lee Myung-bak has recently appointed Grand National Party lawmaker Jeon Jae-hee, 59, to head the Ministry for Health, Welfare and Family Affairs without parliamentary confirmation.
Lee also named his futu...
Vacant posts grip KFDA
The Korea Food and Drug Administration is finding itself in the grip of a vortex of vacant posts of high-ranking officials due to the government’ plan to disband six regional KFDA agencies.
The KFDA predicts that t...
GCC’s sales up 12.5% in second quarter
Green Cross Corporation said on July 29 that its second-quarter sales gained 12.5 percent to 124.4 billion won from a year earlier, while operating profit increased 19.8 percent to 18.7 billion won.
Net income amou...
Pricing criteria for chemically modified drugs eyed
The government plans to announce the pricing criteria of chemically modified drugs in the middle of next month, according to the Ministry of Health, Welfare and Family Affairs.
The ministry said that after the phar...
Designation of bioequivalence testing agencies eyed
The Ministry for Health, Welfare and Family Affairs plans to enact a bill to legislate the government’s designation of bioequivalence testing centers as initially planned, as part of its effort to ensure the reliabili...
Regional KFDA disbandment plan back on track?
Despite the government’ plan to disband six regional agencies of the Korea Food and Drug Administration, rumors are circulating that these agencies will exist with smaller functions and operations.
The six KFDA reg...
