Pharmaceutical and Biotech Industries: "the Middle East Crisis Is Compounding the Crisis. We Need to Jointly Study the Ripple Effects of Drug Price cuts."

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The pharmaceutical industry has come out against the government's policy of lowering drug prices amid the Middle East crisis, arguing that it will lead to the collapse of the industry if it lowers prices. The government has proposed adjusting the amount of the price cut and conducting joint research amidst the worsening situation in the Middle East, which is causing simultaneous increases in oil prices, exchange rates, raw materials, and transpo…