Latvia's pharmaceuticals market declined 5% last year due to adverse economic conditions
The Latvian pharmaceutical market was worth 244 million lats ($482 million) in 2009, assuming a year-on-year decrease of around 4.9% in local currency terms, according to a new report from Business Monitor International. Spending on medicines was negatively impacted by adverse economic conditions, which led to an increase in unemployment rates and cuts in reimbursement bands, among other issues.
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