S. Korea to Spend Over 2 tln Won on New Medicine Development Project

SEOUL, March 4 (Korea Bizwire) — South Korea said Thursday it will spend over 2 trillion won (US$1.78 billion) over the next 10 years to help local pharmaceutical companies develop new medicines that generate annual sales of over 1 trillion won. The country’s ambitious 2.18 trillion won project, which starts in July this year, will [...]