Expanding Steadily

The Argentine pharmaceutical market was valued at US$2.4bn in 2006 and continues to expand steadily. Sales are expected to reach US$3.0bn in 2011. While the market has recovered from the 2002 economic crash in unit terms, sales value expressed in US dollar terms has still not reached its former level. Such a development is unlikely in the medium to long term, as the currency is not expected to return to its value prior to the termination of so-called convertibility in the wake of the

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