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Korean drug makers witness average 14 percent in sales in 10 years

Published: 2011-11-10 07:00:00
Updated: 2011-11-10 07:00:00
The Korean pharmaceutical industry has seen its sales rise 14 percent over the past ten years without undergoing any ups and downs, the Ministry of Health and Welfare said Tuesday.

In a local symposium held on Tuesday, a ministry official Ryu Yang-ji said that domestic pharmaceutical companies have thus far had an easy life thanks to the government’s misguided drug pricing formula introduced...

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