Korean drugmakers doomed to become sales agents of multinational firms

Published: 2011-10-31 06:59:00
Updated: 2011-10-31 06:59:00
Pharmaceutical companies warned that the government’s plan to cut drug prices by an average of 17 percent starting next year will open the door for foreign dominance of domestic pharmaceutical sector.

Local players in particular see a larger loss coming from a vicious cycle.

“Domestic manu...

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