KPBMA proposes 'drug shortages·API·AI new drug' budget
By Lee, Jeong-Hwan | translator Hong, Ji Yeon
25.04.01 05:45:16
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Proposes to allocate KRW 2 billion worth of direct support to companies producing APIs…also proposes a supplementary budget of KRW 30 billion for AI-based new drugs

Amid both ruling and opposition parties discussing the allocation of a supplementary budget plan, the Korean pharmaceutical industry has begun requesting a supplementary budget for two key initiatives: the "Production Support Business for Drugs with Supply Instability" and the "Direct Support Business for the Production of Active Pharmaceutical Ingredients."
In particular, the industry requested increased funding to train professionals and build infrastructure for AI-driven new drug development. The industry proposes a supplementary allocation of approximately KRW 32.05 billion for this fiscal year alone.
On March 31, the Korea Pharmaceutical and Bio-Pharma Manufacturers Association (KPBM
Lee, Jeong-Hwan(junghwanss@dailypharm.com)
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