On July 17, 2018, Shin & Kim hosted a seminar on “Case Trends in Medical Inventions and Forecast of Strengthened Drug Pricing Regulation for the Second Half of 2018.”
From the end of September, a strengthened drug price cut system is slated to replace the two-strike-out rule against rebate-paying drugs, and with the increase in the number of administrative orders on rebates, relevant government authorities are expected to revise the system based on recommendations on better rebate practices. In light of such changes, the seminar received special attention from the medical and pharmaceutical industry.
At the seminar, Attorney Chang-Soo Park, an expert in intellectual property rights and the bio-healthcare industry and a former judge of the Patent Court, introduced recent trends in Supreme Court rulings on selection inventions and medical use inventions. Attorney Hyun Wook Kim, based on his wide range of experience working for the Health Insurance Review & Assessment Service (HIRA), presented his forecast on possible changes in the rebate regulation environment for the second half of 2018 and offered relevant response measures.
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