The South Korean government announced this month plans for four ministries to contribute $301 million to stimulate the development and production of stem cell and genetic drugs for export. According to the Ministry of Food and Drug Safety, in 2014, South Korea had the second-highest number of projects in stem cell–drug development globally, at 40. […]

Last month, India’s 2015–16 budget was announced. The Ministry of Science Technology would receive INR 9,492 crore ($1,535 million), gaining 22.6% compared with figures from the revised fiscal 2015 budget. Within the Ministry, the Departments of Science and Technology, Biotechnology, and Scientific and Industrial Research would receive INR 3,836 crore ($621 million), INR 1,626 crore […]

The second phase of South Korea’s Global Pharmaceutical Industry Development Fund has been launched. The Fund is designed to support mid-sized domestic pharmaceutical firms and includes funding for partnerships, overseas investments and GMP production facilities. The KRW 135 billion ($123 million) round of funding follows a KRW 100 billion investment in 2013. The Ministry of […]

Although the Vietnamese pharmaceutical industry shows great potential for growth, it is still hampered by structural issues and the high price of generic drugs. Foreign drug makers produce most the generic drugs sold in the country. The industry is growing about 19% annually and consists of 171 companies, 28% of which are GMP certified. The […]

The Chinese government has outlined plans to promote innovation and streamline administration of science and technology programs. According to Zhao Lu of the Ministry of Finance, the plan would affect more than 90 programs with total funding of more than $13.1 billion. The programs are now administered by over 40 government bodies, according to the […]