Japanese ministry lays out plans to reform pharma industry
The Japanese Ministry of Health, Labor and Welfare (MHLW) has presented a draft strategy designed to make the pharma industry more competitive and give additional support for drug development in Japan.
It encourages Japanese drugmakers to expand their businesses through mergers and acquisitions, and companies struggling to develop new products will be urged to move towards the development of other kinds of medicines such as generic drugs. The MHLW also proposed the consolidation of generic drug manufacturers. The Ministry also said it would consider raising the drug prices set by the government in order to facilitate the development of innovative therapies.
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