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“Samsung Electronics will not dispose Samsung Medison”

On the 24th, CEO Dong-soo Jeon(Medical Device Department Director) of Samsung Electronics officially announced through the Samsung Electronics’ news room page that some of the press reported Samsung Electronics is con...

Prosecution aims for foreign companies, creating impacts on pharmaceutical industry

As searching and seizing Novartis Korea on suspicion of rebates, the prosecution has attracted attention of the pharmaceutical industry. The focus is whether it will search multinational pharmaceutical companies over...

Psychotropic drugs records the most for generic development in 2015

The Ministry of Food and Drug Safety(Minister Seung-hee Kim) announced there were the total 201 cases of bioequivalence test approval to acquire generic product approvals in 2015, increased approximately by 30% compar...

“Current drug pricing system is not right… Value of new drugs must be appreciated”

Discussions between the Ministry of Health and Welfare(MOHW) and the pharmaceutical industry are completed. While expressing various arguments to the MOHW, the pharmaceutical industry was observed to request it to app...

‘Aronamin, Belviq and Gugu’ to rush as OTC and non-benefit drugs

In 2015, OTC drugs and pharmaceutical products with no insurance benefit brought sensations led by Aronamin, Belviq, Champix and Gugu. According to the Daily Pharm’s analysis result of the 2015’s major product sales ...

Is the new drug price privilege only tin god?

While prices of the globally-expanded new drugs have been outlined, the industry complained this year’s policy is only tin god. It judges the policy contains tight conditions yet low benefits; in the worst cases, som...

MOHW, “Lecture and Consulting Fee Guideline is on a finishing phase”

While the prosecution has started to investigate multinational companies on suspicion of rebates under the name of providing lecture and consulting fees, the Ministry of Health and Welfare(MOHW) is expected to complet...

Prosecution to search and seize Novartis Korea on suspicion of illegal rebates

Novartis Korea was known to be searched and seized on suspicion of illegal rebates. On the 22nd, the joint investigation team for pharmaceutical rebates(Chief Prosecutor Cheol-hyung Byun, Director) at the Seoul Weste...

Foreign companies to reduce ‘certain standard expenses’ and adopt Wage Peak System

Multinational pharmaceutical companies on a streak have started to tighten their business. According to the industry concerned on the 23rd, an U.S. company and a European company reduced so-called ‘expenses to keep u...

“Statement about permission for Korean medicine doctors to use 5 types of medical device was inappropriate”

When it came to a statement of a director of the Ministry of Health and Welfare to allow Korean medicine doctors to use a part of modern medical devices, the medical industry got outraged. At the policy debate on the...

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