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Concerns mounting over drug price cut

Published: 2011-08-16 07:00:00
Updated: 2011-08-16 07:00:00
A new wave of price cuts for drugs is speculated to be imminent here, which has stirred up concerns among domestic drug makers.

The proposed price cut for drugs are said to be a 50-percent level as the Korean government is blindly seeking to reduce the country's pharmaceutical expenditure and relieve the burden of the overwhelmed national insurance system.

The possibility of price slashes...

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