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Major pharmaceutical firms to fare worse in Q3
The outlook for Korean listed drug companies' third quarter earnings is taking a turn for the worse as the government forced down prices of medicines in April, a report showed Monday.
Hi Investment & Securities dow...
Measures urged over misuse of propofol
A lawmaker on Monday called for steps to block the misuse of propofol, a psychotropic drug, amid rising concerns over health risks.
Rep. Ryu Ji-young of the ruling Saenuri Party said that some hospitals have been w...
Lawmaker calls for price reduction of 11 off-patent drugs
A lawmaker said that the prices of 11 off-patent drugs remain unchanged as no generic products are available, costing 32.1 billion won to the national health insurance.
Citing a report by the Health Insurance Revie...
Government to cut drug prices of 20 drug makers
Now that 20 pharmaceutical firms were caught offering kickbacks to doctors, the price paid for the drug will be lowered by up to 20 percent.
In August of 2010, the Ministry of Health and Welfare introduced a rule w...
Local drug makers to fare worse this year
The outlook for Korean pharmaceutical companies’ earnings is taking a turn for the worse this year as the government has been investigating companies offering illegal rebates to hospitals and doctors.
The governmen...
Mixture types of pharmacy/convenience store opened
BGF Retail Co., one of the Korea’s leading convenience chains, said on October 2 that it has opened two CU stores (formerly Family Mart) in Changwon, South Gyeongsang Province, some 400 kilometers southeast of Seoul.
...
Won Hee-Mok named head of health and medical field
Rep. Park Geun-hye, presidential candidate of the ruling Saenuri Party, announced last Thursday the appointment of ex-lawmaker Won Hee-mok, who will help her campaign camp as head of health and welfare field.
Other...
National health insurance system leads to unneeded CT tests
Korea’s national health system guarantees medical care for very modest fees. But as with all national health systems, a lid on what patients pay in clinics and hospitals eventually squeezes the entire system and in Ko...
Government crackdown on rebate chills drug makers
Prosecutors, which raided Korea’s biggest drug company Wednesday as part of an investigation into suspicions that the largest drug company in Korea bribed hospital officials to purchase of its products, have sent drug...
84 doctors caught taking rebate
Eighty-four doctors from 97 hospitals taking rebates between December 2010 and July 2011 received administrative measure, according to the prosecution.
They accepted the rebates from a mid-sized drug firm in return...
