Drug Prices Frozen For 2011, Japan Crisis May Undermine Agreement

BMI View: The strong performance of the South African rand (ZAR) may have been bad for the country's export-driven industries, but it has helped many domestic drugmakers. As a result, these companies were happy with the government freezing medicine prices in 2011. However, risk from Japan has caused a rapid depreciation in the value of the rand in the last few days and if it continues, drugmakers will lose out, as they are now unable to negotiate an increase in prices in response to the altered

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