Retail Pharmacy Market Driving Growth, Long-Term Risks Remain

BMI View: Our view that Ukraine's pharmaceutical market will continue to return double-digit growth rates into 2011 has been confirmed. In fact, stronger than expected growth rates in the retail pharmacy market has resulted in a small upward revision to our 2011 projections. While our outlook for Ukraine's pharmaceutical market remains strong over our five-year forecast period, we continue to highlight key risks to this market, including a ban on the advertising of medicines and the impact of government import substitution measures.

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