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Government to select innovative pharmaceutical firms

Published: 2012-06-12 07:00:00
Updated: 2012-06-12 07:00:00
The Ministry of Health and Welfare said Monday it will select innovative pharmaceutical firms on June 15.

So far, a total of 88 drug firms have applied for such designation; 50 Korean drug makers, 23 bioventure firms and other multinational firms.

Under a set of plans to nurture the local pharmaceutical industry, the ministry will offer a total of 146 billion won in subsidies to eligible ...

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