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Fax: +353 1 4100 980

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This growth was slightly lower than that
of the European market itself, leading to the Belgian market's
regional share decreasing by 0 percentage points between 1999-2003,
accounting for 2 .9% of the European market by the end of this period.

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(Logo: http://www.

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2 billion
in 2003, having grown with a compound annual growth rate (CAGR) of
5.

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Vertical agreements between operators at different levels of the
distribution chain are more common than any other type of business agreement.

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However, significant pitfalls and issues remain, and
may assume particular commercial significance in the context of the
enlargement of the EU with the increased potential for cross-border
distribution outside normal channels.

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The annual market growth rose from
its low of 4.
A five-year forecast of the industry is also provided.

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Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets ., Inc.

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8 billion.

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7%. The title
covers Global, European , Asia-Pacific + 11 individual country markets.

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In many cases, they restrict intra-brand competition in order to promote
inter-brand competition, and antitrust authorities have to balance the
benefits of these different forms of competition.

- Pfizer Inc

- AstraZeneca PLC

- GlaxoSmithKline Plc

- Johnson + Johnson

For more information visit
http://www.

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researchandmarkets.com /reports/c12137) has
announced the addition of Pharmaceuticals: Global Industry Guide to
their offering
The Belgian pharmaceuticals market reached a value of $3.

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The old, dirigiste policy has been largely swept away in favour of a
more permissive approach.

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Research and Markets: Growth Prospects for Global Pharmaceutical Industry Analysed

It includes detailed data on market size and segmentation, textual
analysis of the key trends and competitive landscape, and profiles of
the leading companies.

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Business Editors/Health/Medical Writers/Health Editors/Medical
Editors

DUBLIN, Ireland----Research and
Markets (http://www.

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DUBLIN, Ireland, Research and Markets
(http://www.

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of Vertical Agreements and EU Competition Law to their offering.com/cgi-bin/prnh/20040820/RESEARCH )
This practical book provides a detailed analysis of the new regime
including the block exemptions for vertical agreements and motor industry
agreements, the Commission's Guidance and recent cases and decisions.
For more information visit
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In 2003 the German pharmaceuticals market grew by 8.

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Research and Markets: Vertical Agreements and EU Competition Law Profiled in Latest Publication

2% to reach a
value of $23. In the 1999-2003 period the compound annual
growth rate of the market was 6. This incisive report provides expert analysis
on a global, regional and country basis
This title contains an executive summary and data on value, volume
and segmentation and also provides textual analysis of the industry's
prospects, competitive landscape and leading companies.

Company Profiles are provided for:

- Merck + Co.

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This practical book provides a detailed
analysis of the new regime including the block exemptions for vertical
agreements and motor industry agreements, the Commission's Guidance and recent
cases and decisions.

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7% in 2000 to a high of 8.researchandmarkets .

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The approach followed under
EU competition law in striking this balance has been transformed in recent
years.2% in 2003
The Pharmaceuticals Global Industry Guide is an essential resource
for top-level data and analysis covering the pharmaceuticals industry.