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Hospitals slammed for overcharging patientsHospitals collected a combined amount of 4.5 billion in medical fees by charging more than necessary to patients last year, according to a lawmaker.
They were ordered to pay ...
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Number of pharmacy incentive drugs top 6,145
The Health Insurance Review and Assessment Service said Thursday that the number of incentive drugs for pharmacies stand as of April 17, up 700 items from three months ago.
Under the current drug reimbursing syste...
Drug wholesalers' profitability falls in 2012
The country’s pharmaceutical wholesalers’ overall profitability deteriorated in 2012 from a year earlier in the face of financial costs, falling wholesaler profit margins and intense competition among players, an onli...
More pharmacists to get military service exemption
More pharmacists in their 20s will likely enjoy exemption from compulsory military service under the government's policy to offer benefits to a public pharmacist.
The Korean Pharmaceutical Association (KPA) said We...
Government to seek tougher measures against kickbacks
The government has unveiled its plan to step up its crackdown on the long-standing practice of offering and receiving kickbacks in the medical community.
In his report to the National Assembly’s Health and Welfare ...
Long-term economic value may be foreseeable in terms of different chronic hepatitis B treatment opti
The joint research, aimed at analyzing economic value of chronic hepatitis B (CHB) treatment options, which are available in Korea, has been featured in the latest online issue of the international journal PLOS ONE.
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Government urged to overhaul license conditions for herbal pills
The government needs to approve new drugs using herbal substances, with the same license criteria as prescription drugs, a lawmaker said Wednesday.
During the parliamentary session to the Ministry of Health and Wel...
Wholesalers protest drug makers’ demand over debt guarantee
The Korea Pharmaceutical Wholesaler Association (KPWA) on Tuesday lodged a protest against pharmaceutical firms’ demand to submit a joint surety statement in addition to a collateral, which is deemed an unfair busines...
Celltrion CEO to sell entire stake to multinational firm
Celltrion chairman Seo Jung-jin said Tuesday he will sell his entire controlling stake in the firm to a multinational pharmaceutical company to protect the firm from short-selling by speculative investors.
“Company...
Celltrion chairman’s sell-out plan boosts stock price
Celltrion chairman Seo Jung-jin announces Tuesday his plan to sell all of his stakes in the Kosdaq’s No. 1 market cap company and its affiliates to a multinational pharmaceutical company, citing predatory short-sellin...
