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KORUS-FTA may be efficient tool to defy measure designed to reduce insurance expenditures

Published: 2011-11-30 07:00:00
Updated: 2011-11-30 07:00:00
The country’s pharmaceutical companies face tough times ahead with the new Korea-U.S. Free Trade Agreement that will put a brake on the generic-focused Korean industry.

As for the pharmaceuticals industry, the introduction of the patent linkage system is expected to result in a drop of as much as 120 billion won in drug production each year over a period of 10 years.

Under the patent link...

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