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Medicine and other health-related expenses in downward trend
The nation's fast-aging population drove up medical and health care spending in 2008 despite declining medicine and other health-related expenses, according to data released by the Ministry of Health and Welfare Affai...
National health insurance allowances total 16.1 trillion won in first half
The National Health Insurance Corporation says the nation’s health insurance payment in the first half of this year amounted to 16.1 trillion won, up 12.5 percent from a year earlier:
- Payment for clinics amounted t...
Large wholesalers support unified drug distribution
The Innovation Group consisting of local 15 big wholesalers, including Geoyoung and Dongwon, said on July 20 that it will fully support the resolution of the Korea Drug Wholesaler Association (KDWA)
The group claim...
Choongwae Holdings wins 18 million euros deal in Russia
Choongwae Holdings Co., a Korean holding company, said on July 21 that it has signed an 18 million euro deal with Berlin Chemie in Russia to provide mutichamber products for TPN for six year, following its first expor...
Korea to set up new clinical center
This country will establish a new clinical center to screen the efficacy and toxicities of new chemical entities (NCEs) to ensure earlier commercialization of new home-grown drugs.
In a local forum hosted by the Ko...
Insurance-covered drug prices to fall by 20%
The government plans to decrease the insurance-covered drugs by 20 percent in a collective manner for the next three years.
The Deliberation Committee for Health Insurance Policy of the Health Ministry consisting o...
Korea reinstates market approval of sibutramine
The Korean Food and Drug Administration said on July 20 it has concluded that the benefit/risk assessment of sibutramine is favorable and will its continued sale here after convening the Central Pharmaceutical Affairs...
Pharmacies get few visitors at night
On July 19, few customers visited 12 pharmacies to buy medicines at night.
In Seoul, a total of 31 stores will open around the clock or until 6 a.m. with 2,174 running all year round and the remaining 593 will rema...
Korea to shorten screening period of phase 1 study
The Korea Food and Drug Administration says it will simplify the screening procedures of local phase 1 clinical trials here as part of efforts to make this country attractive for multinational pharmaceutical companies...
Bioequivalence testing to become compulsory for all ingredients of combined preparations, KFDA says
From October 27, generic combination drugs to be produced in Korea must prove they are equivalent to the patented medicines on which they are modeled.
Those applicants who intend to seek approval of the generic com...
