Pharmaceutical firms call for more direct support

Published: 2013-07-24 06:59:00

Updated: 2013-07-24 06:59:00

The Ministry of Health and Welfare on Sunday pledged to support the local industry by increasing the budget for research and development to 10 trillion won, aiming to export 11 trillion won in drugs by 2017 and become one of the global top 10 pharmaceutical powerhouses.

Although the local pharmaceutical sector welcomed the move and believes it a step in the right direction, industry insiders...

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