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37 drug makers spend 10% of revenue in 2011
Published: 2012-11-05 06:57:00
Updated: 2012-11-05 06:57:00
Korea’s 37 pharmaceutical firms spared 9.6 percent of their annual revenue on research and development (R&D) of new medicine last year, up 12.1 percent from a year earlier, a poll showed Thursday.
A survey released by the Korea Drug Research Association found that the companies spent 803.6 billion won of their sales on R&D in 2011.
The survey also showed that combined overseas sales of 28...
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