Chong Kun Dang Pharmaceutical lost in a rebate lawsuit the company filed against the Ministry of Health and Welfare, claiming a 20-percent slash in drug prices is unlawful.
On Friday, the Seoul Administrative Court rejected the company’s claim, so Chong Kun Dang’s 16 drugs covered by medical insurance will drop by an average 13.9 percent.
The court rule will affect the annulment suit file...
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