Pharmaceutical firms’ operating profits halve

Published: 2013-03-21 06:59:00

Updated: 2013-03-21 06:59:00

Local pharmaceutical companies saw a substantial setback in their performance last year, with operating profits more than halved compared to two years ago due to fallout from a dual punishment system, which introduced in November 2010, and the government-mandated price cut of drugs last April.

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