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Health ministry to accept back margin as financial cost

The Ministry of Health, Welfare and Family Affairs said it has proposed a creation of task force consisting of representatives from government and 16 medical and pharmaceutical organizations in order to effectively de...

Government urged to reconsider new pricing reform

The government plans to implement a new drug-pricing system aimed at uprooting rampant illegal rebate activities in the pharmaceutical industry. According to the Ministry for Health, Welfare and Family Affairs, th...

Government designates additional 28 shortage prevention drugs

This study investigated the current status and drug expenditure of the drug shortage prevention program in Korea. National health insurance claims data from 2001 to 2005 were analyzed for the drugs with inadequate sup...

Isu releases novel medication for smoking cessation

Isu Pharma says it has launched a tobacco-type cartridge-filling anti-smoking aid “Nokings.” Nokings acts at sites in the brain affected by nicotine and may help those who wish to give up smoking in two ways: by pr...

Creagene to conduct phase 1 study of novel rheumatoid arthritis treatment

Creagene, a subsidiary of Choong-wae Pharm, said on June 11 that it will conduct Creavax-RA injection, a rheumatoid arthritis treatment using immunoregulation dendritic cells sooner or later after its approval from th...

Lee Kyung-ho, new head of Korea Pharmaceutical Manufacturers Association

The Korea Pharmaceutical Manufacturers Association, a pharmaceutical business lobby group, said on June 9 it appointed Lee Kyung-ho, president of Inje University as its new head at the special meeting. Lee will take o...

Quinvaxem tops Korea in drug output

Berna Biotech Korea’s Quinvaxem injection was ranked first for the consecutive two years in Korea’s drug production last year. Quinvaxem recorded 309.7 billion won in last year’s production, followed by Dong-A’s Ba...

Korea’s pharmaceutical output totals 14.7 trillion won in 2009

Korea's total drug production by 264 manufacturers was 14.7 trillion won last year, up 6.44 percent compared with 9.1 trillion won a year earlier, according to data from the Korea Food and Drug Administration. The ...

Health ministry to evaluate system of separating drug dispensing from medical practice

The Health and Welfare minister Jeon Jae-hee said on June 9 her ministry will assess the outcome of the government-led system to divide the job between pharmacists and physicians. In a meeting with the Korean Medic...

Yungjin to build W17.4 billion plant

Yungjin Pharm said in a regulatory filing on June 3 that it will invest 17.4 billion won to build a plant producing cephalosporin antibiotics by March next year. “To meet the growing demand overseas, we will build ...

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