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Downsizing to sweep Korean drugmakers

Published: 2011-09-16 06:58:00
Updated: 2011-09-16 06:58:00
The domestic pharmaceutical industry is expected to be the next targets for downsizing next year as Retail drug prices are expected to fall about 17 percent on average beginning next year following a set of government-led reforms.

The new measures will bring down the prices of some 8,776 of the 14,410 drugs registered to the national health insurance system by 17 percent on average.

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