Bloomberg News

Gedeon Richter Snaps Three Days of Gains on Drug Subsidy Report

June 05, 2012

Gedeon Richter Nyrt. (RICHT), Hungary’s biggest drugmaker, fell for the first time in four days after Origo reported late yesterday that the government will further cut spending on drug subsidies.

The shares dropped 0.7 percent to 36,505 forint by 9:34 a.m. in Budapest.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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