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Pharmaceutical stocks nosedived by 20% on average

Published: 2008-09-26 07:00:00
Updated: 2008-09-26 07:00:00
Pharmaceutical shares plunged by 20 percent on average as of September 19, when compared to those at January this year.

Sources said drug stocks dropped on panic selling following the collapse of Lehman Brothers, once the fourth largest investment bank on Wall Street.

One third of leading pharmaceuticals firms lost ground, while shares of Yuhan Corp., Dong-A and Green Cross Corp. saw seve...

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