Government to slash drug price by 20% in first half

The Ministry of Health and Welfare has recently renewed its strong will to crackdown on unlawful drug marketing activities.

To this end, the ministry said on Wednesday it has a plan to announce a list of drugs to be slashed by up to 20 percent in the first half of this year, if its producer is found to have offered kickbacks to promote its sales. The drug company would face another 20 percen...