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MDREX Newsletter |
2024.4.26. |
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MFDS Approves DTx No. 3 and 4 in Korea |
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Following the approval and temporary insurance coverage of digital therapeutic devices (DTx) for treatment of insomnia, two additional digital therapeutic devices have received product approval from the Ministry of Food and Drug Safety (MFDS) as of April 19, 2024.
Additionally, if these products are designated as innovative medical technologies, hospitals will receive reimbursement for a period of 3 years; 1) a digital therapeutic device prescription fee of 5,230 KRW, 2) a digital therapeutic device effectiveness evaluation fee of 16,130 KRW and, 3) the usage fee will be reimbursed based on the cost set by the company multiplied by the prescription days. Therefore, companies planning to develop or introduce digital therapeutic devices in Korea should closely monitor the regulatory compliance regarding the products as mentioned above.
At MDREX, we offer precise, unparalleled support for approval and insurance registration with regard to various medical devices such as digital therapeutic devices entering into Korea, Japan, APAC, and Middle East. If you require consultation on product approval and insurance inclusion, please feel free to contact MDREX at pro@mdrex.co.kr.
Thank you |