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Pharmaceutical firms are keen on reclassification of drugs
As a number of prescription drugs, including an anti-ulcerant Zantac and a contraceptive Norlevo, are likely be reclassified into over-the-counter (OTC) drugs, some pharmaceutical firms are said to seek to expand phar...
Pharmacists expect Hong’s straightforward leadership
Hong Joon-pyo, the new leader of the ruling Grand National Party (GNP), is well-known for being independent, straightforward and outspoken.
Analysts say these characteristics could be determining factors for either...
Medical charges to get refunded
Patients will receive last year’s medical fee refunds that exceeded their out-of-pocket money, the National Health Insurance Corporation said Monday.
For those who spent more than 4 million won of medical fee last ...
Health ministry to hold public hearings over restriction-free OTC medicines
To collect broader opinions from experts and the public before completing the bill in detail, the Ministry of Health and Welfare plans to hold two discussion sessions with experts on July 7 and 11 and a public hearing...
OTC sales at supermarket will hurt pharmaceutical sector
Korea's pharmaceutical sector could lose up to 200 billion won if 48 over-the-counter (OTC) drugs are available at supermarkets and 24-hour convenience stores nationwide from August, according to market watchers.
T...
Green Cross, Chong Kun Dang show brisk sales in second quarter
Green Cross Corp. became the third-biggest drug manufacturer in Korea in terms of quarterly revenue, while Chong Kung Dang Pharmaceutical is expected to see its sales further rise in the second quarter, High Investmen...
Diabetic patients are angry over reduced health coverage
Since the health insurance coverage for sustained release metformin, the first-line product for diabetes, is reduced from July 1, diabetic patients have vehemently protested against their increased medication costs at...
Novartis Korea releases Diovan 320 mg
Novartis Korea said it has recently launched Diovan 320 mg tablets here, which may be typically used as a final dosage for adults with high blood pressure. Of the four strength of Diovan (valsartan) on the market, the...
4 presciption drugs likely to be reclassied into OTC products
Four medicines previously requiring prescription - Zantac tablets, Duphalac syrup, Gaster-D tablets and Hyalein eye drop - will be reclassified into over-the-counter (OTC) drugs, the Ministry of Health and Welfare sai...
Controvery is raging over OTC products
The Health and Welfare Ministry said Friday that it would push for revision of the Pharmaceutial Affairs Law to include 48 over-the-counter (OTC) medicines in what would be termed “freely sellable OTC products.”
Th...
