TITLE:
Research on the Function of Government Fund Support in Pharmaceutical Industry Technology Innovation
AUTHORS:
Xinyun Gao, Yongfa Chen
KEYWORDS:
Pharmaceutical Technology Innovation, Government, Financial Support
JOURNAL NAME:
Pharmacology & Pharmacy,
Vol.13 No.11,
November
9,
2022
ABSTRACT: Pharmaceutical technology innovation process needs a lot of human, material and financial support, so the government must give full play to its financial support function. Specifically, the government should improve the fund investment mechanism of the pharmaceutical industry, improve the financial investment management system of pharmaceutical technology innovation, strengthen the function and mechanism of the capital market, improve the risk investment system, focus on cultivating a good credit environment, and increase the support of national policy-based financial institutions. Through direct investment, financial subsidies, tax incentives and low-interest financing and other means, vigorously promote the improvement of pharmaceutical innovation capacity.