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Drug makers’ panic is overruling any logical response
The Ministry of Health and Welfare last week announced a set of measures to cut medicine prices, which panicked the domestic pharmaceutical industry.
Pharmaceutical companies said it will wipe out profits, stifle R&D and open the door for foreign dominance of the sector, while the ministry claims it will enhance the companies’ R&D and make them more competitive internationally.
Currently,...
Pharmaceutical companies said it will wipe out profits, stifle R&D and open the door for foreign dominance of the sector, while the ministry claims it will enhance the companies’ R&D and make them more competitive internationally.
Currently,...
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