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FTC announcement unlikely to affect shares of 10 pharmaceutical firms
Published: 2007-11-06 06:59:00
Updated: 2007-11-06 06:59:00
Despite the Fair Trade Commission's announcement to impose a combined 19.9 billion won in fines on 10 local pharmaceutical companies for unfair trading practices, overall pharmaceutical stocks closed higher on November 1, dealers said.
Analysts said that expected punishment by the FTC has been factored into share prices and will have no major negative impact on pharmaceutical stocks.
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