Pharmaceutical Sales Contract For Second Consecutive Quarter

Pharmaceutical expenditure in Estonia contracted on an annual basis for the second consecutive quarter of 2009, according to data published by the State Medicines Agency (Ravimiamet). Wholesalers recorded combined sales of EEK747mn (US$67mn) in Q209, down 0.5% year-on-year (y-o-y). BMI forecasts that full-year 2009 results for Estonia will record growth of 1.3% in local currency, with Estonia rising - albeit not recovering - from the trough of recession during

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