News About: Goverment
Total 4,524 drugs completed drug efficacy equivalency tests.
The total 4,524 drugs have completed with their efficacy equivalency tests including 3,969 drugs of bio-equivalency, 310 drugs of physicochemical equivalency and 239 drugs of comparative dissolution tests, and number ...
Government should strengthen local pharmaceutical industry's competitiveness, KPMA saysThe domestic market will suffer damage of 10-12 trillion won for the next five to seven years due to extension of patent period for new drugs in an era of the Korea-U.S. FTA and...
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New health ministered nominated
President Roh Moo-hyun nominated Vice Health and Welfare Minister Byun Jae-jin, 53, for the ministry's top post, Cheong Wa Dae said on May 23.
Byun replaced Rhyu Si-min, who rejoined the pro-government Uri Party as...
KFDA to control free sale of cold remedies.
To prevent a possible 2nd drug disaster after the recent narcotic drug production incidence by chemically converting cold remedies containing Pseudoephedrine, the KFDA mulls over a control of cold remedy sales at one ...
Drug identification system to burden drug makers
OTC makers will be obliged to bear about 3.3 billion won following the government plan to expand the current drug identification system into over-the-counter medicines from next year, according to the Korea Food and D...
Health minister resigns
Health and Welfare Minister Rhyu Si-min stepped down from his job to resume political activities for the pro-government Uri Party.
Minister Rhyu declared his resignation in a meeting with reporters at the grand con...
Drug identification system for non-reimbursable OTC drugs to be compulsory
The government has decided to expand the current drug identification system to all over-the-counter drugs from next year, the Korea Food and Drug Administration said recently.
Under the plan, manufacturers of over-...
Government to increase capital of foreign hospitals in FEZs
The government said on May 15 that foreign-run hospitals in free economic zones (FEZs) should have more than 5.0 billion won in their paid-in-capital to attract more foreign capital.
The Ministry of Finance and Eco...
Delayed generic introduction under patent application to cause 400 BW of loss.
It is estimated that the delayed market launching of generic drugs caused by the new patent related registration process under the KORUS FTA may generate about 396,800 million won of sales losses for 5 years in th...
KFDA warns pediatric suicide risk on 208 antidepressants
The Korea Food and Drug Administration said on May 15 it instructed pharmaceutical firms to attach a stricter warning about the risk of suicide in pediatric patients when labeling antidepressants.
Manufacturers of ...
