150 billion won set aside for research in 2008

The Ministry of Health and Welfare said on January 22 that it has allocated 144.7 billion won for research and development (R&D) of new drugs in 2008, up 38.4 percent from the previous year, in a recently held consultation session.

A ministry official said 84.7 billion won would be spent on new R&D projects, adding that the remaining 60.0 billion won would be set aside for supporting the cur...