Korea to select 50 innovative pharmaceutical firms

Published: 2012-04-05 06:58:00

Updated: 2012-04-05 06:58:00

The government unveiled its plan to select 50 companies as “innovative pharmaceutical firms,” subject to tax deduction, price raises, financial aid, research and development support and other benefits, while scrutinizing companies with illegal business transactions.

To this end, the Ministry of Health and Welfare will offer a total of 146 billion won in subsidies to “innovative pharmaceutica...

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