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Feb 28, 2005

Pharmaceutical sector encounters stutter

As the pharmaceutical sector endures hard times, fund manager look for alternative sources of revenue

Have you checked the state of your medicine cabinet lately? If it’s typical of many US medicine chests, you might well have trouble closing it. According to the Center for Disease Control and Prevention, more than half of all Americans use at least one prescription drug, and almost 20 percent are on some sort of medication. Although these statistics hardly flatter the health of US citizens, it’s been terrific news for the coffers of big pharmaceutical companies – until recently.Despite

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