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Small- and medium-sized company at crossroad
The government claims its new drug pricing plan will change this distorted incentive structure.
The new system will allow medical institutions to pocket 70 percent of the price differential as profit when they mana...
New KFDA vice commissioner named
President Lee Myung-bak has named Lee Hee-sung, a former chief of the Korea Food and Drug Administration in Seoul, as vice commissioner of the administration, Cheong Wa Dae announced on May 17. Lee will replace Lee Sa...
Doctors to prescribe original brands
Doctors will choose to prescribe originals over generics as the safety and efficacy of the former has been already established in clinical settings, the Korean Medical Association said on May 13.
The KMA vice chair...
Health ministry to recruit new employees
The six health-related government agencies - the Korea Food and Drug Administration, the Korea Centers for Disease Control and Prevention, the National Institute of Toxicological Research, the Korea Health Industry De...
Ilyang breaks ground for influenza vaccine plant
Ilyang Pharm said it held a ground-breaking ceremony on May 13 to construct its influenza vaccine plant in Eumsung, North Chungchong Province.
The ceremony, hosted by Ilyang’s chairman Chung Do-eon, was attended by...
Pharmaceutical salespeople are in agony
The Ministry of Health and Welfare launched a crackdown on unlawful drug marketing activities in August of last year. It introduced a rule which slashes the price of a drug by up to 20 percent if its producer is found...
CJ signs license agreement with aRigen for exclusive marketing and sales of ARH-1029
CJ Jeil Chedang said on May 12 that it signed a strategic alliance agreement with aRigen Pharmaceutical Inc., a drug discovery and development company focused on infectious diseases in Japan, for the exclusive marketi...
Korea seeks mutual recognition arrangement on preclinical data with OECD
Korea will receive an on-site evaluation of the Organization for Economic Cooperation and Development (OECD) to seek a mutual recognition arrangement (MRA) on preclinical data among member states.
The MRA is partic...
Bill to offer incentive to 24-hour pharmacy will be proposed next month
Rep. Shin Ji-ho of the ruling Grand National Party said on May 11 he will propose a bill to give tax benefits to pharmacies that will open for 24 hours a day.
Shin said the bill is designed to increase the number o...
300 doctors calls for healthcare reform
A total of 300 doctors attended the emerge meeting on May 13 to discuss their future course of action in protest against the current system of separating drug dispensing from medical price and new drug pricing reform....
