News About: Goverment
Prices of 1,451 medicines to be reduced from next January
The government plans to lower the insurance prices of frequently prescribed 1,451 drugs (chiefly antibiotics, anti-malignant tumor drugs, anti-diabetics) by 13.3% on average from January 1, 2008 as a result of i...
Government to cover cost-effective medicines
The government reaffirmed its plan to ask the national health insurance to cover only cost-effective drugs to reduce snowballing medication costs as an increasing number
of patients are taking more expensive and dive...
Government to toughen bioequivalence rules
The government unveiled its plan to revise the current criteria of bioequivalence testing from July next year.
In a seminar on November 15, Myung Kyung-min, an official of the Korea Food and Drug Administration, sa...
Doctors to receive more benefits from drug savings
More benefits will be provided to doctors who save drug costs from next at the latest as incentives will be linked to their prescription patterns.
The government has announced that the incentives will account for 3...
Government urged to complement positive list system
Korea needs to introduce a reference price system (RPS) by stages in a bid to complement the current new pricing policy, the so-called positive list system, Professor of Sookmyung Women's Unversity Lee Eui-kyung said ...
KFDA reaffirms implementation of new GMP regulation within this year
The Korea Food and Drug Administration is firm in implementing the new cGMP (current good manufacturing practice) regulation at the year-end at the latest, which it says cannot be delayed as it will lay the foundation...
Korea to set up new drug development agency next year
The government plans to establish a new drug development agency next year, which will take charge of supporting new drug projects between industry and academia.
The idea of setting up the agency was suggested by th...
Government urged to support legitimate scientific research
The government needs to allow pharmaceutical manufacturers or medical device companies to support doctors' well-intentioned scientific congress and researches, according to the Korean Medical Association (KMA), Korea'...
Health ministry mulls price cut of 10 pharmaceutical firms' drugs
The Ministry of Health and Welfare has unveiled its plan to lower the drug prices of 10 pharmaceutical companies that were slapped by heavy fines from the Fair Trade Commission (FTC) on November 1.
However, the min...
10 pharmaceutical firms fined W20 bil. won
10 drug makers have been fined around 20 billion won for unfair business practices, the country’s antitrust regulator said on November 1. Industry sources expected some of them would face more than 10 billion won in f...
