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Drug wholesalers nervous of drug makers’ direct transaction with hospitals

The rumors that some pharmaceutical drug firms will seek to make a direct transaction with hospitals have triggered vehement protests from the domestic wholesaling community. Local wholesalers have threatened to go...

TV commercial ads for Strepsils lozenges gain popularity

A pharmacy in Seoul has a growing number of patients a day who come to look for Strepsils, a line of lozenges to relieve sore throat manufactured by Reckitt Benckiser in Nottingham, United Kingdom. “The recent TV ...

Government designates 99 hospitals for better medical service

In an effort to provide specialized medical service for patients suffering from specific diseases, the Ministry of Health and Welfare announce Thursday that it has designated a total of 99 hospitals nationwide. The...

JW Pharmaceutical releases new impotence drug

JW Pharmaceutical said Wednesday that it has launched Zepeed (avanafil), a new medication for the treatment of erectile dysfunction (ED). Zepeed is a next-generation, highly selective oral phosphodiesterase type 5 ...

Health ministry to support health and cosmetics companies’ advancement into U.S. market

The government is planning to help Korean products gain U.S. FDA approval, according to the Ministry of Health and Welfare. In a recent forum, the ministry official Han Sang-kyun said the government will support th...

Bacchus-F sale is soaring

Dong-A Pharmaceutical saw the sales of Bacchus-F, another version of Bacchus-D, increasing by 20-30 percent in recent months, thanks to growing demand from supermarkets and 24-hour convenient stores. The company ha...

Establishment of ‘drug guidance item’ eyed

The Health Insurance Review & Assessment Service is considering establishing a new guideline, aiming to add ‘drug guidance item’ into the pharmacy dispensing fee. In a meeting with the Korean Pharmaceutical Associa...

Bukwang under over influence-peddling

The Supreme Prosecutors’ Office raided the office of Bukwang Pharmaceutical Co., today, to look into its alleged influence peddling in an insurance-covered price of Lonasen (blonanserin). Lonasen is a relatively ne...

Bigger drug firms with 1 trillion won in sale to be foreseeable 10 years later

The domestic pharmaceutical industry cannot expect the emergence of any enterprises showing a 1 trillion-won revenue over the next 10 years due to the government’s senseless plan to cut drug prices by an average of 17...

Treatment fee in clinics to rise 2.9% in 2012

Starting next year, a patient visiting a clinic should pay 3,800 won per initial visit, up 100 won compared with 3,700 won in 2010. The National Health insurance said Monday it has agreed with the Korean Medical As...

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