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Government to back pharmaceutical sector

Published: 2012-07-24 07:00:00
Updated: 2012-07-24 07:00:00
The Ministry of Health and Welfare will unveil its plan to spur domestic pharmaceutical industry through the creation of a large-scale R&D fund over the next five years.

The pharmaceutical industry is closely watching the government’s scheme on how far it may go.

Soaring research costs, rampant illicit rebates and a gushing inflow of multinational drug giants following free trade pacts ha...

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