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Korea urged to lower spending on drugs
The Health Insurance Review and Assessment Service recently unveiled a set of measures to rationalize rising medication costs covered by the state health insurance, which has seen its payments increase rapidly over th...
Schnell to conduct Phase I trial for biosimilar drug
Schnell Biopharmaceutical said it will carry out its Phase 1 clinical trial for its arthritis biosimilar after recent approval from the Korea Food and Drug Administration.
Schnell plans to develop and commercialize...
Drugstores seeking to beef up drug guidance
More and more pharmacies are trying to strengthen their drug guidance in order to help consumers have correct information on prescribed drugs.
A pharmacy at Yongsan, Seoul, has issued a receipt describing reimburse...
Drugmakers to gear up for OTC advertisements
Domestic pharmaceutical firms are moving to put more and more efforts into advertisements in a step to enhance the image of their over-the-counter (OTC) medicines
Such moves are likely to be reinforced further ahead ...
4 biologic agents on hot market competition
The domestic biological drugs market so far enjoyed by three companies - Abbott/Eisai's Humira, Johnson & Johnson’s Remicade (infliximab), Wyeth’s Enbrel (etarnercept) - may be encountered with a fierce competition wh...
Number of mood disorder patients rises
There has been a modest increase in treatment of people for mood disorder, a brain disorder that causes unusual shifts in emotion, energy and activity levels, the National Health Insurance Corp. said recently.
Acco...
Establishment of large drug distribution cooperative eyed
A total of 60 small- and medium-sized wholesalers had a convention Friday to set up a large drug logistics cooperative.
“We will share our experiences and thoughts on how to take advantage of the cooperative, emerg...
Law allowing health insurance of medical practices by oriental doctors deemed constitutional
The nation’s highest court ruled on June 30 that the current Medical Law, which allows the national health insurance to cover the medical practices by oriental doctors, is indeed constitutional.
The country’s medic...
Local pharmaceutical industry undergoes transition
The local pharmaceutical industry is undergoing a major transformation as tightening regulations and uphill competition combine to reshuffle the leader board of drug manufacturers.
So far, Dong-A Pharmaceutical has...
Criteria for economic effectiveness of drugs made public
The Health Insurance Review and Assessment Service (HIRA) announced Friday the criteria of economic effectiveness for medicines under the current positive list system.
Medicines whose prices are not slashed include...
