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Govert’s 10-year budget on new drug development totals 70 billion won

Published: 2008-06-26 07:00:00
Updated: 2008-06-26 07:00:00
The government spent a mere 73.3 billion won to promote the domestic pharmaceutical industry's R&D new drug projects for the past 10 years, according to data released by the Korea Drug Research Association.

The KDRA said the increase of R&D budge will help domestic pharmaceutical firms boost their new drug development project in the long run.

“The government should reconsider its conventi...

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