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China Implements New Drug Innovation And Production Project

This article was originally published in PharmAsia News

Executive Summary

China's Ministry of Science and Technology has officially started implementing the new drug innovation and production project to become a pharmaceutical powerhouse (PharmAsia News, Sept. 8, 2008). The country's program with the highest investment, has allocated RMB 5.3 billion ($775 million) for a total of 970 research topics. The first batch of 121 topics with funding of RMB 1 billion has commenced. The second batch of 849 topics which will use the remaining funds has been identified and are ready to go. Sang Guo-wei, chief technology director for the program, stated that chemical drugs will be the emphasis, biopharmaceutical products the highlight and TCM the unique feature. (Click here for more - Chinese language)

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