Sour times for drug makers

Published: 2012-05-02 06:59:00

Updated: 2012-05-02 06:59:00

Korea’s pharmaceutical companies are feeling another pain under government pressure to refrain from raising OTC (over-the-counter) prices despite soaring oil prices, industry sources said yesterday.

The price of pharmaceuticals prescribed by doctors fell by 14 percent on average from April 1. The prices of 6,506 varying types of medicine, 47.1 percent of the total 13,841 drugs that are cove...

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