News About: Goverment
The future of new natural product drugs, facing critical situationDespite the government’s development policy of new natural product drugs, negative market recognition towards new natural product drugs has continuously spread. Natural product ...
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The next year’s budget cuts for new drug development projects led by the government
The next year’s budget for new drug development projects led the government will be decreased by 10%. After the three years of implementation, the global pharmaceutical industry promotion fund got combined with the sm...
The sudden increase of the breast cancer incidence, showing the highest rate in Easter Asia beyond JapanIt was discovered that the incidence of breast cancer in Korea has outran the one in Japan. Especially, it was shown that occurring type and current state of the disease has bee...
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Controversy with Healthcare Commercialization, tobacco price increases, and the hardly mentioned issues about the pharm industry in the national inspection for Ministry of Health and Welfare
At the national inspection for Ministry of Health and Welfare on November 13 and 14, the healthcare industry was denounced in regards to tobacco price rises, various welfare p...
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Congresswoman In-Soon Nam-Yun claiming “The low margins of multinational pharmaceutical companies with 5-6.75% need to be revised”
The low margins of multinational pharmaceutical companies became an issue.
At the Q&A session of the national inspection about Ministry of Health and Welfare on the 13th, Congresswoman In-Soon Nam-Yun (Health and Wel...
Pushing forward with the abolition of pharmaceutical wholesalers’ equity base
It seems that the equity base of pharmaceutical wholesalers, which is currently set to KRW 500 million, is going to be abolished.
Ministry of Health and Welfare made a pre-announcement for ‘partially revised enforcem...
Ministry of Health and Welfare concerns between patients’ safety and privacy
While the privacy protection act stating ‘Prohibition on collecting resident registration numbers to schedule doctor’s appointments’ has been delayed until February 2015, Ministry of Health and Welfare has got in deep...
Exclusive rights for generic medicines will last 14 months at most starting the accepted date
It seems that insured generic medicines, which receive exclusive sale rights based on Patent Linkage System (hereinafter referring to PLS), will achieve a maximum 14-month period from the accepted date.
Moreover, inf...
The number of medicines giving incentives for generic substitution is approaching 7700 productsThere are an increasing number of 7700 medicines that gives incentives if generic substitution (preparing same components) is conducted in pharmacies.
Compared to the number of...
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On parliamentary inspection, multinational pharmaceutical companies’ witness attended
The number of people who will need to show up for the parliamentary inspection of the administration scheduled on this 7th is going to be significantly reduced.
On the 6th, Congressman Mok-Hee Lee from the New Polit...
