Gov't to Invest 10 Tril. Won for New Drug Development by 2017
Gov't to Invest 10 Tril. Won for New Drug Development by 2017
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2013.07.22 18:42
  • 댓글 0
이 기사를 공유합니다

SEOUL, KOREA- The government will double its budget to support pharmaceutical industry innovation as part of an effort to increase the number of newly developed drugs to 20.To that end, it will disburse a total of 10 trillion won for the next five years through both private and public sources.
 
The Ministry of Health and Welfare said announced on July 21 a comprehensive five-year plan to nurture the pharmaceutical industry. The core part of the plan is to help the industry become one of the future growth engines by making it a globally competitive industrial sector from an industry producing low-margin generic drugs.
 
The Health Ministry, jointly with other government agencies such as the Ministry of Science, ICT and Future Planning and the Ministry of Trade, Industry, and Energy, will focus its investment on promising R&D projects including biosimilars and stem-cell therapies. The biotech industrial zones such as those in Osong (North Chungcheong Province) and Daegu will be used as bases for the initiative.
 
According to the Korean Research-based Pharmaceutical Industry Association, Korea's drug market size in 2012 was US$11.2 billion, down about $1 billion from $12.2 billion in 2011. The nation's ranking is the world has accordingly moved down to 14th from 13th in the previous year.
 

댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • ABOUT
  • CONTACT US
  • SIGN UP MEMBERSHIP
  • RSS
  • 2-D 678, National Assembly-daero, 36-gil, Yeongdeungpo-gu, Seoul, Korea (Postal code: 07257)
  • URL: www.koreaittimes.com | Editorial Div: 82-2-578- 0434 / 82-10-2442-9446 | North America Dept: 070-7008-0005 | Email: info@koreaittimes.com
  • Publisher and Editor in Chief: Monica Younsoo Chung | Chief Editorial Writer: Hyoung Joong Kim | Editor: Yeon Jin Jung
  • Juvenile Protection Manager: Choul Woong Yeon
  • Masthead: Korea IT Times. Copyright(C) Korea IT Times, All rights reserved.
ND소프트