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Looming revenue drop is changing the economics of pharmaceutical industry

Published: 2011-09-07 06:59:00
Updated: 2011-09-07 06:59:00
Multinational pharmaceutical firms will face a bumpy road in Korea as the patents on their blockbusters, which were filed years before the drugs went on sale, last for 20 years at most, and many expire soon.

The Fair Trade Commission (FTC) said Sunday that five global drug makers were found to have spent more than 15 billion won respectively so doctors prescribe their medication.

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