Government urged to promote R&D new drug projects

Published: 2003-04-29 07:00:00

Updated: 2003-04-29 07:00:00

Current estimates put the average research and development cost in Korea of a wholly new drug in the range of 10.6 billion won with the relevant period of 8.9 years, according to the list revealed by the Korea Drug Research Association on the investment trend of new drugs (see the following table).

The combined R&D outlays of the seven Korean new drugs amounted to 74.0 billion won fr...

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