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Domestic pharmaceutical firms eye price hike of OTC products

Published: 2011-11-07 06:59:00
Updated: 2011-11-07 06:59:00
Korean drug firms are considering a price hike of their flagship over-the-counter (OTC) drugs as they are by concerned by the potentially significant impact of the government’s new drug pricing reform on the prices and profit margin of their products, industry sources said recently.

The government’s plan to slash the price of about half the drugs on the market by an average of 14 percent wil...

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