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New drug pricing measure to have another grace period

Published: 2012-11-09 07:00:00
Updated: 2012-11-09 07:00:00
The Ministry of Health and Welfare said Thursday it enacted a revision bill to legislate the government’s drug pricing measure, whose implementation will be further exteneded to Jan. 2014.

The measure, which came into effect in Oct. 2010, is aimed at creating a more transparent drug market and encouraging drug companies to spend more on research and development.

Under the measure, when a...

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