News About: Goverment
Illegal advertising through internet and home-shopping channels strictly to check.
The KFDA announced to inspect strictly and intensively against the false and exaggerated public advertising of drugs through internet and home-shopping cable TV channels because of serious harms to a lot of consumers....
Wholesalers to be prosecuted against prescription convergency.
The pharmaceutical companies who supplied their drugs to specific wholesalers with discounts or the drug wholesalers who directly run affiliated retail pharmacies or induce medical institutions to issue their prescrip...
Introduction of drug cost analysis system under consideration.
To eliminate a drug price bubble the MOHW mulls an adoption of so called "Drug Cost Analysis" system from coming June, which requires submission of the drug price cost statement at the time of new NHI price registrati...
Antibiotics and injectable drug medication declined
The antibiotic and injectable drug medication declined from 25.39% in the first quarter to 20.69% in the 4th quarter of 2001 while overall medication expenditures went up according to a survey reported by the HIRA aga...
License of OTC products to be subject to report
The Korea Food and Drug Administration (KFDA) has announced that a series of new measures designed to ameliorate drug-related administration will be adopted in the second half of this year:
- The items to be repor...
Collusion and dispensing without prescriptions under strict investigation.
The MOHW is going to investigate violation against the medical and pharmacy role separation program such as the business collusion in prescription-filling practices between medical institutions and pharmacies and the ...
Legal background for 6 year pharmacy school system to set up.
A legal background for the extension of pharmacy school curricula from the current 4 year to 6 year system seems to be raised by 22 lawmakers of the National Assembly led by Rep. Lee Won-hyung.
They drafted a revis...
NHI pricing on first and late coming products to differentiate.
A research paper pointed out that the NHI prices for the late coming products should be differentiated from the first one, and the NHI drug listing should be periodically reviewed. For the reference price system, the ...
Revision of Biotechnology Promotion Law eyed
The Ministry of Science and Technology has announced it will draft within this year a revision for Biotechnology Promotion Law enacted in 1983, in a bid to implement more efficient biotechnology related policy.
The...
NHI drug prices to be slashed as planned.
In an attempt to save 200 to 300 billion won of NHI fund the government plan for a massive price reduction of NHI drugs has been surfaced. Given this situation the drug industry is now in deep contemplation about the ...
