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20% price cut haunts drug makers

Published: 2009-06-09 07:00:00
Updated: 2009-06-09 07:00:00
The government’s unilateral plan to lower the medication costs if pharmaceutical firms are found to be implicated in any unfair deals in the future.

The Korea Pharmaceutical Manufacturers Association said the plan could threaten the competitiveness of the local pharmaceutical industry as Korean companies are getting pressed by multinationals' increasing market presence.

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