Health Minister Wael Abu Faour gestures during a press conference in Beirut, Thursday, March 27, 2014. (The Daily Star/Mahmoud Kheir)
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The cost of local and imported medicine is set to be reduced by 20-30 percent after the Health Ministry announced a drastic reduction in the cost of 629 generic drugs Thursday.Abu Faour said he signed a memorandum on March 4 relating to Resolution 728/1, which states that drug pricing should be transparent, stipulating the cost reduction. At the news conference at the Health Ministry, Abu Faour also said a new law lowering the general price of medicine would be passed in the future. However, Abu Faour said Thursday that the Health Ministry was still unsure whether natamycin was harmful or not.
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