Government-imposed price cuts haunt drugmakers

Published: 2012-03-29 06:59:00

Updated: 2012-03-29 06:59:00

Domestic pharmaceutical companies are now bracing for the effects of government-imposed price cuts that will make domestic drug makers suffer by eroding profitability.

Last month, the Ministry of Health and Welfare announced that it will lower the prices of 6,506 different pharmaceutical drugs...

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