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  • Voluntary price cuts of originals as ¡®trade-offs¡¯ an issue
  • by Lee, Tak-Sun | translator Alice Kang | Feb 25, 2022 05:57am
generic companies say ¡°should exclude patented drugs¡±
May deteriorate profitability of generic drugs that await entry ¡¦ price competitivity of off-patent drugs also a concern
¡®Discounting the price of existing drugs to list high-priced new drugs.¡¯

Recently, the pharmaceutical industry has been buzzing with speculations that some companies are voluntarily reducing the price of their original drugs as a fiscal sharing strategy to receive reimbursement.

This strategy, which was considered unimaginable before, is raising concern among generic companies, as the price drop of an original drug will threaten the price competitiveness of its generic items.

According to the industry on the 24th, prices of 15 MSD Korea¡¯s Januvia products and 2 Astellas Korea¡¯s Vesicare products will be discounted from the 1st of next month. All the pricing decisions were voluntarily made by the company.
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