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S. Korea Ministry Denies Bayer Schering Label Of Ineptitude In R&D Plans

This article was originally published in PharmAsia News

Executive Summary

South Korea's Health Ministry denies it blundered and lost out as the site of Bayer Schering Pharma's research and development center to be built instead in China. The firm's Asia-Pacific chief, Chris Lee, had told South Korean reporters the country lost because of government ineptitude, including misdirected or unanswered telephone calls while the company was considering South Korea as the site. But the Ministry of Health, Welfare and Family Affairs said it was never contacted by Bayer Schering about such a move. Since that denial, the company has declined to comment, claiming business confidentiality. (Click here for more

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