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Sales of 71 pharmaceutical firms total 10.9 trillion won in 2010
The combined sales of 71 pharmaceutical manufacturers and 78 wholesalers marked 10.9 trillion won and 7.9 trillion won last year, respectively, according to data released by the Korea Tax Union (KTU).
Of the 71 dru...
Health insurance coverage possible for 22 drugs on limited basis
Coverage for 22 drugs, including Roche’s Rivotril (clonazepam), will be expanded but on a limited basis, the Ministry of Health and Welfare said Tuesday.
In the case of Rivotril, the ministry said that the national...
Civic group calls for supermarkets to sell digestive pills
The Citizens’ Coalition for Economic Justice said Wednesday that the government should let customers buy simple medicines at supermarkets and convenience stores.
In a recent press interview, CCEJ officials said the...
Leading drugmakers in race for domestic pharmaceutical market
The major drug manufacturers are vying for a bigger share of the domestic market.
These leading pharmaceutical firms, grappling with the government’s policy to abandon rebates, seek to offset part of their dwindlin...
Korea’s total health care expenditure up 10.7% in 2010
The country’s public health expenditure reached 42.6 trillion won last year, showing a 10.7% rise from 2009, the Health Insurance Review Assessment and Service Monday.
The government spent nearly 34 trillion won ($...
Daewoong, Janssen Korea team up for Ultracet ER tablets
Daewoong Pharmaceutical and Janssen Korea are joining forces in the domestic painkiller market.
The two companies signed an agreement Wednesday under which Daewoong will market Janssen’s Ultracet ER tablets.
Ana...
Merck-Serono to launch clinic sales for Concor tablets
Merck Serono has a plan to set up its clinic teams to independently market Concor tablets (bisoprolol fumarate) in major five cities, such as Seoul, Pusan, Daegu, Daejeon and Honam.
So far, JW Pharma has co-markete...
Demand for iodine related products on sharp increase
Robust sales of radiation safety items including vitamins and functional health foods has been shown here in response to the nuclear reactor crisis in Japan has been on the increase, according to marketing sources.
...
Government mulls readjustment over drug prices at general hospitals
Will patients with severe disease be able to get cheaper drugs at general hospitals this year?
Now all eyes are on the Ministry for Health, Welfare and Family Affair committee's decision on fees for medication pre...
Medication costs rise 1.6-fold in 5 years
Korea faces an urgent need to lower spending on drugs and curb the rising cost of health care.
In Korea, drug expenses account for an exceptionally large share of health care expenditure.
According to the Health...
