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R&D spending of local drugmakers and medical device manufacturers on the rise

Published: 2013-10-08 06:59:00
Updated: 2013-10-08 06:59:00
Korean companies producing medicines and medical devices have been spending more on research and development (R&D) projects to strengthen their technology leadership.

The Korea Health Industry Development Institute said Monday that the combined R&D spending by 61 pharmaceutical companies came to 791.5 billion won last year, up 21 percent compared to 369.6 billion won in 2008.

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