Korea's RFID mandate comes with big savings promise

"The government will help open an era of convergence between the pharmaceutical industry and information technology," says Ahn Hyun-ho , vice knowledge economy minister in Korea. Half of the drugs sold there will have radio frequency identification (RFID) tags on their containers by 2015, say government officials. "Requiring RFID tags on drugs on the national level is a world-first experiment," says Hyun-ho.  The tags will improve distribution efficiency to the tune of "about $1.6 billion annually, and provide an easier way to retrieve subpar quality drugs." Report

Suggested Articles

Drugmakers have voluntarily recalled their generic Zantac from the U.S. market after the FDA raised concerns, but it has not been without a cost.

Just weeks after selling the sterile manufacturing assets of its Kyowa operation in Japan, it has unloaded the rest of its Kyowa drugmaking operation.

India’s Aurobindo, which has yet to close its $1 billion deal to buy 300 Sandoz products in the U.S., continues to rack up FDA issues.