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Korean drugmakers to suffer damage of 2 trillion won

Published: 2009-12-02 06:59:00
Updated: 2009-12-02 06:59:00
The Korea Pharmaceutical Manufacturers Association claims that the domestic market will suffer damage of 2 trillion won due to the government’s relentless drug price-cut policy.

The sum is equivalent to at least 10 percent of local firms’ annual revenues.

The association said such revenue losses will discourage leading companies to invest their profits into research and development by 10...

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