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Pharmaceutical firms pile up cash reserves

Published: 2012-11-23 06:58:00
Updated: 2012-11-23 06:58:00
Korean drug companies piled up their cash reserves as they are trying to survive the government’s comprehensive price cuts, data showed Wednesday.

Cash and cash equivalents at 50 listed companies reached 1.2 trillion won as of the end of September up 284.4 billion won from the previous year, according to Yakup.com, a pharmaceutical information provider.

Free cash flow is the amount of cas...

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