KPIC urges government to withdraw 20% price cut plan of generic drugs

The Korea Pharmaceutical Industry Cooperative (KPIC) called on the government to immediately retract its new drug plan, under which the price of all generic drugs covered by national health insurance is to be unilaterally cut by 20 percent in the same ratio applied to off-patent brand drugs could deal a severe blow to their businesses.

The plan is part of a new positive list'' system expecte...