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Korean drugmakers’ administrative expenses rate hovers at 36% on average

Published: 2011-07-22 06:58:00
Updated: 2011-07-22 06:58:00
The domestic industry’s average marketing and administrative expenses rate over gross sales stand at 35.6 percent, reflecting little difference compared with that seen in multinational companies (32.7 percent), according to a local auditor.

In a lecture on Wednesday, Director Kwon Kyung-bae of PricewaterhouseCoopers Korea said that although the average administrative expenses of local pharma...

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