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Korea’s new drug pricing reform faces backlash

Published: 2011-09-09 06:58:00
Updated: 2011-09-09 06:58:00
The government’s plan to cut drug prices by an average of 17 percent starting next year has triggered vehement protests from the domestic pharmaceutical community.

An alliance of 10 pharmaceutical-related organizations issued a joint statement, declaring an all-out struggle against the government’s scheme, which was announced on August 12.

They claimed a drastic price cut would make dome...

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