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Government urged to nurture domestic pharmaceutical industry

Published: 2011-08-23 06:56:00
Updated: 2011-08-23 06:56:00
The government should work out measures to encourage pharmaceutical firms to develop more effective and cheaper drugs, strengthening the competitiveness of the country’s pharmaceutical industry, the Korea Pharmaceutical Manufacturers Association said in its second statement, Friday.

The KPMA said that the government’s merciless plan to cut retail drug prices will wipe out profits, stifle R&D...

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