South Korea to Sharply Increase R&D Support for New Drugs in 2008 (South Korea)
This article was originally published in PharmAsia News
Executive Summary
In an attempt to expand its reach in the global pharmaceutical market, South Korea has announced it will significantly increase financial support for drug discovery and development. In 2008, the Ministry of Science and Technology will boost the country's research and development budget by 52 percent to $100.3 million. The government hopes by pouring this amount of money into pharmaceuticals, South Korea will be able to produce one new drug every year until 2016. (Click here for more - May Require Paid Subscription