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NHIC seeking to ensure better transparency of drug price negotiation
The National Health Insurance Corporation (NHIC) announced Friday its plan to commission a research aiming at enhancing better transparency of drug price negotiation between the NHIC pharmaceutical companies.
The ...
Western and Oriental medicines doctors clash over license of oriental medicines
The country’s Western and Oriental medicine doctors are clashing over who should have the right to prescribe newly-developed pills that contain herbal mixtures.
On Thursday, thousands of Oriental medicine doctors a...
Anemia 3 times more common in women
Women are 3 times more likely to suffer from anemia, a decrease in number of red blood cells or less than the normal quantity of hemoglobin in the blood, than men, the National Health Insurance Corporation (NHIC) said...
Cancellation of “innovative drug firm” title undisclosed
The government in June last year selected 43 pharmaceutical companies as innovative pharmaceutical firms to spearhead growth and transparency in the sector. But the title is canceled if the firm is convicted of provid...
Health ministry to spend 422 billion won to support drug firms
The government unveiled a set of plans on Thursday to nurture 12 globally competitive pharmaceutical companies by 2020.
The plans are intended to develop Korea into the seventh-largest power in the industry.
Th...
Medical institutions have to settle drug payment within 3 months
The Ministry of Health and Welfare will propose a revision bill within this year to encourage more fair business activities in domestic pharmaceutical sector, it was learned by a ministry official in a meeting with ch...
Handok to expand non-pharmaceutical business
Handok Pharmaceutical unveiled its plan to seek organic growth by expanding its non-pharmaceutical business in 2013 to diversify its business portfolio, looking for new cash sources.
The company is working to make ...
Practitioners claiming rights to Oriental medicine
Oriental medicine doctors held a rally at Seoul Station, Thursday, denouncing a government plan to allow pharmaceutical firms to produce new drugs using herbal substances, which would be prescribed by doctors of Weste...
Korea, U.S. agrees to shorten reimburse notice by 20 days
The governments of Korea and the U.S. agreed that the reimbursement notice of pharmaceutical products and medical devices should be shorted by 20 days from this January, according to the Korea Drug Research Associatio...
Government urged to take bolder steps to rid corrupt practices
The government needs to consider heavier punishments over kickbacks, or rebates to effectively uproot the unethical rebate practice because it would not only establish a fair trade order in the drug market but contrib...
