Roche announces $481m investment in South Korean biotech sector [Yahoo! Finance]
ROCHE HOLDING LTD S/ADR (RHHBY)
NASDAQ:AMEX Investor Relations:
roche.com/investors.htm
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Source: Yahoo! Finance
Roche, a Swiss multinational healthcare company, is set to invest Won710bn ($481m) in South Korea's healthcare and biotechnology industry over the forthcoming five years, The Korea Economic Daily reported. The company plans to carry out global clinical trials in South Korea and expand research partnerships with local biotechnology firms. South Korea's Ministry of Health and Welfare and Roche signed a memorandum of understanding (MoU) to formalise the agreement. As part of the investment, Roche will focus on clinical trials for treating widespread and complex diseases, and advanced biopharmaceuticals. The partnership also covers joint research programmes for providing training to clinical research specialists. Roche's collaboration with South Korean institutions aims to advance clinical trial activity and enhance expertise within the local industry. The company's latest decision comes as multinational drugmakers have been increasing their clinical research investments in S
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