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[Reporter's View] govt's foreign drug price comparisons

By Kim, Jin-Gu

24.08.07 05:56:55

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The pharmaceutical industry's concerns grow over the government's plan to reevaluate foreign drug price comparisons.

The government has established a policy to reduce domestic drug prices by comparing them to those in 'A8 countries (United States¡¤Japan¡¤Germany¡¤France¡¤Italy¡¤Switzerland¡¤Canada).' As the policy is set to be effective, the industry is busy estimating the scale of damage.

Companies are estimated to experience a 5-20% reduction in annual sales. Therefore, the pharmaceutical industry voices concern that a sales reduction and an operational profit reduction will result in bigger damage. There are concerns that the scale of damage this time will be more substantial than th

Kim, Jin-Gu(kjg@dailypharm.com)
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