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Pharmaceutical stock set fresh records

Published: 2008-11-28 06:33:00
Updated: 2008-11-28 06:33:00
The stock price of Ilyang Pharm jumped about 200 percent for the consecutive seven days on hopes of stronger earnings, after the company reported in its official filing the approval of ilaprazole, a novel antiulcer agent.

Sources say the biggest gain was chiefly attributed to the fast-track approval system of the Korea Food and Drug Administration.

“Our timely approval for ilaprazole has ...

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