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Korean drugmakers urged to focus on profitable products
Overall, Korean pharmaceutical firms are hesitating to make voluntary withdrawal of many unprofitable products due to internal conflicts between development and marketing departments.
“It is necessary to implement ...
2011 heal ministry budget tops 33.5 trillion won
The National Assembly passed next year’s budget of 309.1 trillion won ($270.2 billion), up 5.5 percent from 2010 on December 8, amid strong protests from opposition lawmakers.
Of the 2011 budget, the health minist...
Korean visit hospitals 18 times a year
Koreans visited hospitals 16 days on average per year in 2000, more than 1.3 times from 2002, according to the Ministry of Health and Welfare.
According to a new publication on health insurance statistics, an aver...
Neu2000, promising neuroprotectant to treat ischemic stroke
Neu2000 remains the primary focus of the drug’s development. Neu2000’s strong anti-oxidation activity, its potent NMDA antagonist activity, and its anti-zinc protective activity make it a promising neuroprotectant to ...
Doctors call for comprehensive reform of drug pricing mechanism
The Korean Medical Association said Thursday that the free trade agreement between Korea and the United Sates should be promptly ratified in the National Assembly, which will bring great benefits to the pharmaceutical...
Korea to revise Pharmaceutical Affairs Law on rebate ban
Starting on December 13, the newly revised Pharmaceutical Affairs Law will stipulate that doctors will be subject to imprisonment for up to two years or face fines of up to 30 million won if found to have taken benefi...
Concerns mounting over direct transaction
Wholesalers are nervous about the recent direct dealings between clinics and pharmaceutical firms, according to pharmaceutical business sources.
The sources said that some pharmaceutical firms have directly provide...
Regional wholesalers to accept credit card
Pharmacies in Busan, Ulsan and South Kyungsang Province will be able to settle undue drug payment via credit card, as small- and medium-sized wholesalers located in these regions are willing to such credit card system...
Chronic diseases take toll on government funds
The number of patients with chronic illnesses associated with old age and western-style diet life has gradually increased over the past five years.
In particular, the number of people suffering from thyroid disord...
Government seeking expansion of OTCs
The government plans to expand the scope of over-the-counter (OTC) drugs based on a wider application of the standard manufacturing criteria, along with the plan of simplifying the clinical trial system to step up eff...
