BMI View: Our projections for Hungary’s pharmaceutical market continue to reflect the government’s ongoing structural reform programme, including measures that aim to control pharmaceutical prices and public expenditure on medicines. Therefore, we remain of the view that the Hungarian pharmaceutical market values will post a year-on-year contraction in 2013. As the market remains unattractive, large domestic drug producers will retain their focus on exports, further improving the country’s decidedly positive pharmaceutical trade balance over the coming years. Headline Expenditure Projections: ?? Pharmaceuticals: HUF610.97bn (US$2.72bn) in 2012 to HUF577.35bn (US$2.60bn) in 2013; -5.5% in local currency terms and -4.3% in US …
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