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IFPW members back unified distribution system in Korea
21 member countries of The International Federation of Pharmaceutical Wholesaler (IFPW) supported the delay of unified distribution plan to be scrapped by the end of this year.
The Korea Pharmaceutical Wholesaler ...
National assembly audit starts today
Members of the National Assembly’s Health and Welfare committee will start a 19-day inspection on the Ministry of Health and Welfare and the Korea Food and Drug Administration from October 4. till October 22.
Duri...
Female patients suffering from uterine myoma showing gradual increase for past 5 years
The National Health Insurance Corporation (NHIC) says that the number of female patients being treated for uterine myoma has increased by 21 percent over the past five years.
In 2005, 190, 500 women had their uter...
Nexavar improves survival in liver cancer
According to a press release from Bayer Healthcare, which was held to mark the 5-year launching of Nexavar (sorafenib) in Korea, the medication appears to improve overall survival among patients with hepatocellular ca...
Cash incentive plan takes effect from October 1
The Ministry of Health and Welfare announced on September 30 that a new drug-pricing plan takes effect from October 1, aimed at creating a more transparent drug market and encouraging drug companies to spend more on r...
MSD Korea to reduce price of Januvia pill by 9.4%
MSD Korea said it lowered the price of Januvia 100 mg (sitagliptin phosphate), an oral diabetes medication in a new class of drugs known as DPP-4 inhibitors, from 1,020 won to 924 won on October 1.
“Januvia is an i...
Annual sales of homegrown drugs specified
Influenced by robust demand, the cumulative sales of Dong-A’s Stillen and SK Chemicals’ Joins have posted 404.5 billion won since their launching since 2002, according to the Ministry of Health and Welfare.
So far,...
Shortage of essential drugs looms large
The shortage of essential drugs in some hospitals is expected to get worse with the new drug-pricing reform taking effect this month.
The so-called cash incentive plan aims to reimburse buyers 70 percent of the pri...
Lifting of unified distribution system will hurt pharmaceutical sector
Lee Han-woo, president of the Korea Pharmaceutical Wholesaler Association, said on September 30 he will always ready to step down if the controversial unified distribution system is to be scrapped.
Lee claimed the ...
Drug makers to hit by cash reward plan in hospital bidding
Aimed at providing cheaper drugs for patients from this month, the government has set an upper limit for prices of insured medications and the standard prices are controlled regularly on the basis of purchased prices ...
