Forecast Model Validated

BMI's Drug Expenditure Forecast Model has been indirectly validated by a third party. On February 13 2009, the tool showed that pharmaceuticals sales in Thailand would slow in 2009 as a direct result of unsupportive macroeconomic indicators. Six weeks later, the country's Pharmaceutical Research and Manufacturers Association (PReMA) announced 'the value of the domestic market for medicine will grow more slowly than last year, due mainly to the fallout from the global economic

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