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Pharmaceutical firms’ revenues up, profitability down
Published: 2011-08-22 07:00:00
Updated: 2011-08-22 07:00:00
Pharmaceutical companies saw their revenues edge up in the second quarter of the year. But their ability to generate cash from a variety of operating activities fell on worsening profitability as a result of dramatic changes in the business environment such as regulations by the government, conflicts among drug manufacturers, doctors and pharmacists and intense competition among generic drugs.
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