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Massive drug price cuts and KORUS FTA take toll on drug makers

Published: 2011-11-29 07:00:00
Updated: 2011-11-29 07:00:00
The government should work out measures to boost the domestic pharmaceutical industry by lowering generic prices by phase, the Korea Pharmaceutical Manufacturers Association said Monday.

In a statement carried in main daily newspaper on Friday, the KPMA claimed that Korean pharmaceutical companies also face tough times ahead with the new Korea-U.S. free trade agreement (KORUS FTA) poised to ...

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