Bio News

The Ministry of Health and Welfare has established a KRW 170 billion fund specializing in Phase 3 clinical trials and selected Korea Investment Partners as its manager. The fund will invest at least 60% in approximately 10 companies conducting Phase 3 clinical trials, and early investment will be possible once KRW 120 billion is secured. The government plans to establish a KRW 1 trillion mega-fund by 2027 to support global new drug development.

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