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Gov't declines preferential pricing for innovative drugs

By Lee, Jeong-Hwan | translator Alice Kang

22.11.20 14:47:45

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¡°US and UK companies are also included as Korea Innovative Pharmaceutical Companies... should at least prepare a price preservation measure¡±

NA Health and Welfare Committee requests preparation of subordinate statutes under the Special Act On Fostering and Support of the Pharmaceutical Industry


Complaints are rising in various areas of the pharmaceutical industry with the Ministry of Health and Welfare maintaining its position that preferential pricing for new drugs manufactured by Korea Innovative Pharmaceutical Companies cannot be introduced in practicality due to issues including trade conflict, NHI finances, etc.

The industry is complaining that the Ministry of Health and Welfare taking too much of a protective stance rather than focusing on preparing preferential pricing measures based on the fact that not only domestic pharmaceutical companies but US and UK companies are accredited as Korea Innovative Pharmaceutical Companies.

On the 20th, MOHW reiterated its position t

Lee, Jeong-Hwan(junghwanss@dailypharm.com)
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