All Type of News
FTC to revise whistle blowers reward plan
The Fair Trade Commission said on July 15 that the government will give whistleblowers rewards for reporting illegal rebate cases involving pharmaceutical firms that have been discovered since May 14 this year.
“W...
More medical professionals abusing propofol
Propofol, the high-risk sedative suspected in Michael Jackson’s death, is a drug that is being increasingly abused by its users, say researchers and addiction experts.
In a recent forum organized by the Korea Food ...
Korea to upgrade quality of medical service
Beginning March next year, the government will introduce a system to designate treatment-focused hospitals nationwide to ensure better medical service, the Ministry of Health and Welfare Affairs said on July 14.
Th...
Many people show great expectation over pharmacies to open at night, holidays
The Korean Pharmaceutical Association (KPA) said on July 13 that it will test-run 2,848 pharmacies in major cities across the nation which will sell drugs around the clock and without closing.
A housewife welcomed ...
KFDA requires additional warning for OTC pain relievers
The Korea Food and Drug Administration has recently issued an additional warning that requires manufacturers of OTC pain relievers and fever reducers to take preventive measures about potential safety risks associated...
Government reaffirms dual punishment on illegal rebate practice
To make the Korean pharmaceutical market more transparent and predictable, the government has recently been stepping up efforts to eliminate the rebate practices.
In an information session on July 13, the Ministry...
Uncertainties lingers in pharmaceutical industry
In recent years, uncertainty has tended to increase in Korea’s pharmaceutical industry as a result of the government’s campaign to lower drug prices and due to the rampant use of illegal rebates.
To lower drug pric...
NTS get tougher over tax evasion
Korean tax authorities imposed 83.8 billion won in punitive taxes on 30 healthcare providers.
The National Tax Service said that it also plans to refer eight of the 30 companies that profiteered the most from the u...
Wholesalers likely to boycott locally manufactured medicines
Pharmaceutical wholesalers have threatened to boycott products of local drugmakers, reflecting their anger over lukewarm response of the controversial unified distribution issue in local pharmaceutical industry.
Th...
Hanmi’s sales dipped in second quarter
Hanmi Pharm said on July 13 that its second-quarter revenues recorded 150.1 billion won, down 4.5 percent from the same period of the previous year due to influence of sluggish sales in clinics.
Net income amounted...
