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Korean Firms Pursue “Select And Focus” Strategy To Accelerate R&D

 
• By Jung Won Shin

South Korean pharma and biotech companies are opting to spin off certain businesses and set up new subsidiaries to speed up R&D progress and tap funding opportunities. The move, which has become more visible in the past few years is in line with global biopharma trends, although the reasons may vary.

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Moves In Line With Global Industry Trends • Source: Shutterstock

South Korean companies are adopting a “select and focus” strategy to gain flexibility and speed in progressing R&D.

Under these plans, pharma and biotech firms are spinning off promising pipelines or certain businesses to set up separate subsidiaries

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