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Local drugmakers to face another government-mandated price cuts

Published: 2012-06-01 06:56:00
Updated: 2012-06-01 06:56:00
The Korean pharmaceutical industry will be hit with the second price cuts of drugs in the latter half of the year as several companies were found to pay illegal rebate to doctors last year.

In a recent lawsuit, the Seoul Administrative Court rejected the claims of Chong Kun Dang Pharma over the nullification of drug price cuts ordered by the Ministry of Health and Welfare.

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