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Pharmaceutical firms opt to slash wholesaler profit margin
Korea’s pharmaceutical sector is now headed for a fresh round of restructuring, with major companies pushing employees to opt for early retirement plans amid growing worries over the lackluster earnings outlook.
Do...
Number of medical facilities grew 8% in 5 years
The number of medical institutions has risen eight percent over the past five years, according to a report released by the Health Insurance Review and Assessment Service on Tuesday.
In 2011, there were 82,948 medic...
Mountainteer Um vaccinated against pneumonia
Korea’s foremost mountaineer Um Hong-gil was the first Korean who were vaccinated against pneumococcal pneumonia on Thursday with Prevnar 13, a pneumococcal 13-valent conjugate vaccine.
Um, 50, stood atop the 16 hi...
Medical circle, health ministry poles apart over DRG program
Without a doubt, the tension between the Ministry of Health and Welfare and the Korean Medical Association (KMA) is culminating this month.
Doctors are challenging the government over medical fee cuts for seven ma...
Overheated debate to be seen over contraceptive pills
The Korea Food and Drug Administration on Thursday announced that a guideline for the reclassification of all 39,254 drugs sold in the country has been set and the authorities have commenced the discrimination procedu...
Drugmakers to adopt new barcode system on prescription drugs
From January 1, 2013, the standardized barcode, GSI-128 coding system, will be made compulsory on all prescription drugs to improve the traceability of medicines distributed here and to increase consumer safety.
GS...
Government announces 88 gender-based medicines
The Health Insurance Review and Assessment Service (HIRA) disclosed Wednesday a list of 88 gender-based drugs in its web site as part of its efforts to screen the reimbursement claims made by medical facilities from S...
KFDA approves Ildong’s novel antibiotic agent
Ildong Pharmaceutical Co. said Wednesday that it has received approval from the Korea Food and Drug Administration to conduct phase 1 clinical trial of PDF (peptide deformylase) inhibitor, a novel class of antibiotics...
Falling profit margin squeezes drug wholesalers
Domestic drug wholesalers are facing ever-decreasing profit margin by domestic and foreign pharmaceutical firms over the last several years, watching their bottom lines being undercut by weakening profit margins.
A...
May indication expansions boost Cialis?
The Korea Food and Drug Administration has recently approved Eli Lilly's Cialis to treat men with symptoms of benign prostatic hyperplasia (BPH) alone or with both BPH symptoms and erectile dysfunction.
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