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7 pharmaceutical firms seek court action against measure designed to reduce insurance expenditures
Seven pharmaceutical firms have filed a lawsuit against the Education Ministry to nullify the government's decision to slash the price cut of their drugs involved in illegal rebate.
"We cannot let the current drug ...
Dong-A, Green Cross likely immune to financial crisis
Chances are looming larger that a majority of pharmaceutical firms, except for Dong-A Pharmaceutical and Green Cross Crop., will face a blow for their revenues as the government’s new drug pricing initiative could not...
Government to expand R&D spending
The Ministry of Health and Welfare unveiled its plan to support innovative pharmaceutical companies to be selected based on their research & development performance and potential for exports, according to the Korea Dr...
Elderly people demand aspirins in convenience stores
Older people demanded Tuesday the National Assembly pass a revision bill to allow convenience stores and supermarkets to sell over-the-counter medicines, which discouraged pharmacists who kept alert over a variety of ...
KORUS-FTA ratification unlikely increase healthcare costs: health ministry
A report released on November 10 said that the country’s medical bills will not go up drastically as the medical segment is not opened to foreign competition, even if a U.S.-Korea free trade agreement goes through.
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Restructuring to take shape in April
The country's pharmaceutical companies are planning massive restructuring measures, with many of them to be initiated in next April, as they look to respond to the government’s plan to cut drug prices by an average of...
Most firms to slash R&D spending in 2012 business plan
A majority of Korean pharmaceutical companies are now busy finalizing their business plans for the new year, but their 2012 budget plan will place top priority on slashing their research and developing (R&D) spending ...
Arterial embolism in elderly patients on rise
The number of people suffering from arterial embolism has increased 34.2 percent over the past five years, the Health Insurance Review and Assessment Service (HIRA) said Thursday.
Arterial embolism is a sudden inte...
Pharmaceutical firms offer voluntary retirement
Influenced by the government’s plan to slash the price of about half the drugs on the market by an average of 14 percent from next April, some of Korean drug firms are said to cut the size of their manpower through a ...
Doctors oppose prescription refill plan
Disputes are arising between doctors and pharmacists over a bill to allow a prescription to be re-used only one time for patients with chronic disease, which was co-proposed by 13 lawmakers, including Rep. Yoon Sang-k...
