Pharmaceutical firms’ profits tumble in 2Q

Published: 2012-08-17 07:00:00

Updated: 2012-08-17 07:00:00

Local drug companies saw a substantial setback in their performance in their fiscal second quarter with operating profits more than halved due to fallout from the government-mandated cuts in drug prices in April.

According to a report by Yakup.com, a pharmaceutical information provider, operat...

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