the chinese government has recently included four new drug projects being developed by c&o in the major scientific and technological projects for “major new drug initiation”, the first program established by the chinese government in the 11th five-year plan specifically to encourage the development of new drugs. the goal of the program is to establish a high-end innovative drug industry in china and will provide a total of 6.6 billion yuan in funding for promising r&d projects. the project will be reviewed from dimensions including project progress, ip status, and likelihood of completion. to date, the four research projects have received funding of 7.5 million yuan.
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