News About: Goverment
For the anti-cancer drug development, 9.4 billion won is invested by the MOHW this year
(Yakup Shinmoon)
This year for the anti-cancer drug development, about 9 billion won is invested. A budget of 200 million won was organized for the overseas expansion of the health industry.
On Jan 1, National ...
The bill mandating payment date for medicines to be within six months was brought in
(Yakup Shinmoon)
On Dec 30, the Legislation and Judiciary Committee brought in the bill mandating payment date for medicines to be within six months. There is 1 year and 6 months grace period for medical institutio...
The MOHW confirmed to relax the regulation in which wholesaler warehouse area has to be the size min
The MOHW confirmed to relax the regulation in which wholesaler warehouse area has to be the size minimum of 80 pyeong.
(Yakup news)
MOHW (Ministry of Health and Welfare)
The regulation mandated by April 2014, i...
24 drugs’ patent for substances such as Nexium, Cynbalta will be run out in 2014
The Korean Intellectual Property Office (KIPO) published ‘collections of patent for substances planning to be run out in 2014’.
(Yakup Shinmoon)
24 drugs’ patent was published to be run out in 2014.
Nexium of A...
‘Law for obligation of due date for payment of drug supplies’ was passed in committee of health and
‘Law for obligation of due date for payment of drug supplies’ was passed in committee of health and welfare of National Assembly.
If due date is over, 100/20 as interest rate will be applied. It has high probability ...
Antiseptic “Hexi-ol Solution 0.5% temporary sale and usage suspension
Investigation and research process because of the information of detection bacillus
(Dailypharm)
Antiseptic “Hexi-ol Solution has been suspended on sale temporarily.
On 20, Ministry of Food and Drug Safety anno...
Selling Health functional foods in supermarkets will be ‘easier’.
Government plans to adjust concerned laws until the end of 2014 and to lower the barrier to entry.
(Yakup Shinmoon)
Selling health functional foods in supermarket will be easy.
Government will lower the barrier...
Re-enforcement of Market Based Actual Transaction Price(ATP) system is ‘Confirmed’
Ho-young Maeng, the section chief said, “We’ll conclude it after reflecting opinion of National Assmbly.”
(Yakup Shinmoon)
Re-enforcement of ATP system, hot potato of pharmaceutical companies, will be confirmed.
...
Xanax & Halcyon are suspended to import for one month
Pfizer Korea's non-compliance with the product standards
(Dailypharm)
Pfizer Korea does not comply with the product Standards so that those items are disposed of administrative penalties from the Ministry of Food ...
Grand drug price deduction on the next January
1,700 products are reduced by 2-20% of their prices.
(Digital BOSA)
From the beginning of the next year, the insurance reimbursement prices of 1,700 products are reduced, so that pharmaceutical and wholesaler busi...
