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Generic giants to get easier access to Korean pharmaceutical market

Published: 2011-12-06 07:00:00
Updated: 2011-12-06 07:00:00
The government plans to slash the price of about half the drugs on the market by an average of 14 percent starting next April.

The price cuts, designed to reduce national health insurance expenditures, left pharmaceutical companies vowing to resist the measure, which they said could “threaten their survival.”

To make matters worse, the move is expected to make it easier for foreign generi...

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