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Government’s plan to cut drug prices should be delayed

Published: 2011-09-27 06:57:00
Updated: 2011-09-27 06:57:00
The Ministry of Health and Welfare said on August 2 that retail drug prices are expected to fall about 17 percent on average beginning next year following a set of government-led reforms.

However, Yuhan Corp. President Park Sang-hu said Friday that the reform plan should be delayed until 2016 to foster the domestic industry’s competitiveness.

In a meeting with lawmakers of National Assemb...

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