R&D-based pharma in China spends 10% of revenues on research
The R&D-based Pharmaceutical Association Committee under the China Association of Enterprise with Foreign Investment (RDPAC) published the report of corporate social responsibilities for its members.
The report considers that the products and services of pharmaceutical industry are closely related to people’s health and that the development and manufacturing of high-quality innovative drugs in urgent demand of the people and the timely, safe and efficacious application in the patients represent the most important social responsibilities of R&D-based pharmaceutical enterprises.
Current R&D spending $1.2 billion
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