Drug firms want equitable support from government

Published: 2011-08-18 07:00:00

Updated: 2011-08-18 07:00:00

In order to soften the blow of massive drug price cuts on drug makers, the Ministry of Health and Welfare unveiled plans Friday to support innovative pharmaceutical companies to be selected based on their research and development (R&D) performance and potential for exports.

The ministry will create a fund for this purpose, and use the money saved by the drug price cuts for R&D support.

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