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Drug pricing reform draws debate
The Ministry of Health and Welfare has recently announced a plan to collectively lower drug prices in Korea.
The plan, to be implemented in October, draws heated debate in a local media program as it will offer li...
Government to scrap ex post facto system of actually transacted drug pricing
The government is considering scrapping the current ex post factory system of actually transacted drug pricing, if a plan to gradually lower drug prices is to be implemented in October, according to pharmaceutical bus...
Medison, Rwanda government to form joint venture
Medison Co., a local medical device maker, said on August 6 it will establish a joint venture with the Rwanda’s government to manufacture its state-of-art diagnostic ultrasound equipment in East Africa.
Sohn Won-gi...
KFDA to cope with drug waste and disposal issue
The Korea Food and Drug Administration is considering scrutinizing current issues with prescription drug diversion and disposal, and current initiatives to combat these issues.
The drug agency said it will increase...
Hospitals, pharmacies slammed for prescription collusion
Medical institutions, including hospitals and clinics, have been involved in 44 cases of collusion with pharmacies for the past 4 years, according to a lawmaker.
Rep. Sohn Sook-mi of the ruling Grand National Party s...
KPMA likely to support delay of unified distribution system
The board of directors of the Korea Pharmaceutical Manufacturers Association is expected to back the position of local wholesalers to delay the current unified distribution system by 2013, according to market sources....
Ubiquitous healthcare emerging as new growth engine
Some companies affiliated with large businesses, including Samsung SDS, LG CNS and SK C&C, are forging ahead with their ambitious plans of converging telecom services with associated businesses with associated healthc...
Drugmakers express concerns over wholesaling salesperson’s embezzlement
Many domestic pharmaceutical manufacturers have expressed concerns over wholesaling salesperson’s misappropriation of official money, calling it "too frequent," sources said recently.
Against this backdrop, pharmac...
SK Chemicals advocates vaccine security
When the influenza A (H1N1) fear swept the world last year, Koreans were relieved over the domestic availability of vaccines. Green Cross Korea produced the vaccine "Green Flu S" in December.
This time, SK Chemical...
Novartis Korea joins smartphone bandwagon
With smartphones finally going mass market, Novartis Korea said it has initiated its smartphone game application service “Lamisil, breaker for Trichophyton mentagrophytes” from August 10.
As smartphones work more l...
