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6,542 medical institutions open in 2011
A total of new 6,542 medical facilities opened last year while 5,275 medical institutions shut up, according to the Health Insurance Review and Assessment Service.
The number of newly opened hospitals, clinics and ...
Candidates to clash head-on in February
Political pundits claim that the upcoming nomination, expected to pick new presidents of the Korea Pharmaceutical Manufacturers Association (KPMA) and the Korea Pharmaceutical Wholesaler Association (KAWA), will becom...
Sales of Dong-A grow 7% in 2011
The sales of Dong-A Pharma grew 7 percent on-year in 2011 thanks to Bacchus’s reclassification into OTC product and its partnership with GlaxoSmithKline (GSK), the world’s third largest pharmaceutical firm.
Dong-A ...
Parliamentary boycott likely to affect passage of OTC drug sales bill
A plan to allow the sale of over-the-counter drugs outside pharmacies is in doubt as the main opposition Democratic United Party (DUP) decided to reject the remaining parliamentary sessions on Thursday.
The Nationa...
Health minister calls for amicable relationship with industry
In an effort to appease the pharmaceutical industry’s growing discontent over the government’s massive drug price cut plan, Health and Welfare Minister-nominee Rim Che-min had an informal meeting on Thursday with exec...
Nagoya protocol a ‘double-edged sword’ for Korea
A new treaty on the use of genetic resources could be “a double-edged sword” for Indonesia if the government fails to comply with the treaty.
Indonesia could end up paying high royalties because a number of the cou...
KFDA pledges to keep cGMP system on right track
Since its introduction of the current Good Manufacturing Practice (GMP) system in 2008, Korea’s drug exports have been on gradual increase every year due to improvement of local drugmakers’ quality control standards, ...
Health insurance to cover new gout treatment
SK Chemicals said Thursday that patients receiving its novel gout drug Feburic 80 mg (febuxostat) will be reimbursable from February 10, which may help patients lessen their financial burden.
The insurance-covered ...
Sale of painkillers, cold medicine at convenience stores is uncertain
A bill to revise the Pharmaceutical Affairs Law, designed to allow the sale of painkillers and cold medicines at convenience stores, is facing a major obstacle: lawmakers.
The plan, directed by President Lee Myung-...
Smaller pharmaceutical firms hesitate to develop generic drugs
Korea’s small- and mid-sized drug makers have rolled up their sleeves to tighten their belts as the government’s massive price-cut plan is expected to deal the hardest blow to their revenue.
Given the unfavorable f...
