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Only medicine company in Gaza targeted by Israel

Aug. 18, 2014 9:47 P.M. (Updated: Aug. 20, 2014 10:31 A.M.)
GAZA CITY (Ma'an) -- The only medicine company in the Gaza Strip was targeted during the Israeli offensive, causing the company half a million dollars in losses, executives said Monday.

The general manager of Middle East Pharmaceutical and Cosmetics Laboratories, or Megapharm, told Ma'an that the company lost almost $500,000 after airstrikes hit equipment, raw material and electricity generators.

Dr. Marwan al-Astal added that the company produces only medicine, and Israel has no “excuse” for targeting it “because they know it is a medicine company.”

The company needs at least two months to recover and rebuild what has been destroyed by Israeli attacks.

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