S. Korea aims to double bio exports by 2030 to enter global top 5
Seoul, Sep 6 (IANS) South Korea has outlined a plan to help the biohealth industry double its exports by 2030 and join the world's top five.Under the "K-Bio Leap Strategy" unveiled at a seminar in Songdo, west of Seoul, the government outlined new targets for the industry, which also include the fostering of three new blockbuster drugs and ranking third globally in clinical trials by 2030.South Korea is competitive in contract development and manufacturing (CDMO) services and biosimilars, ranking around 10th globally with biopharmaceutical exports of US$5.8 billion last year, reports Yonhap news agency.The country aims to double its exports in the field in the next five years.To speed market entry, the government plans to shorten the review period for biosimilars from 406 days to 295 days,...