Multinational firms’ R&D spending drops 2.2% in 2011

Published: 2012-08-31 06:58:00
Updated: 2012-08-31 06:58:00
Multinational drug firms slightly cut back their spending on research and developing (R&D) last year, dampened by economic jitters stemming from a global slowdown, data showed Wednesday.

The combined R&D spending of 23 foreign-invested pharmaceutical firms totaled 244.9 won in 2011, down 2.2 p...

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