Iran’s Korea Medical R&D Investment Delayed By Sanctions
This article was originally published in PharmAsia News
Executive Summary
Amid the still uncertain timing of major countries' lifting of economic sanctions against Iran, construction of a planned Iranian traditional medical research institute in South Korea's Osong Biovalley has been postponed to the first half of next year from this year. In April, an Iranian consortium signed an agreement to invest $2bn in the biocluster to build medical facilities and develop new drugs.
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