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  • Industry welcomes pricing benefit unchanged for IMD
  • by Lee, Jeong-Hwan | translator Byun Kyung A | Jan 31, 2020 06:35am
ER and combination drug to protect market with PMS for four to six years
Ultimatum for the industry to shift focus from generic to IMD and new drug
The Korean pharmaceutical industry is positively reacting to Ministry of Health and Welfare¡¯s (MOHW) revised drug pricing system including the weighted pricing benefit for incrementally modified drug (IMD) as it would allow IMDs to remain as a cash cow generating finance for new drug R&D.

Although they are regretful the weighted pricing is limited only to government-designated IMD and excluded other ¡®drugs for data submission,¡¯ the majority of the industry says the government started recognizing the value of IMDs.

On Jan. 28, a pharmaceutical industry insider commented ¡°MOHW reissued a notice of revised ¡®Criteria for Decision or Adjustment on Drugs¡¯ that saved IMD from leveling itself down with other ge
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