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Drug companies squeezed by government

Published: 2012-01-10 06:58:00
Updated: 2012-01-10 06:58:00
A chief executive of one of the leading drug companies in Korea expressed concern about the country’s pharmaceutical industry.

“We will have to make all-out to increase this year’s sales by at least 30 percent to maintain the last year’ revenue if prices of drugs become cheaper in Korea,” the CEO said.

The executive paints a gloomy picture for the Korean pharmaceutical industry that await...

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