The so-called ''patent cliff'' on pharmaceutical drugs could knock as much as €6.5 billion off Ireland's economic output over the next four years, according to a high-level government report.
A working paper prepared by the Department of Finance also predicts that corporation tax from the pharma industry will fall during the period as a result of declining profitability within the sector.
The working paper examines potential export declines as a result of the patent cliff,...
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