Do you know if there is any free for commercial and non-commercial project database with drugs information and their targets?

For example:

Drug name: Paracetamol 
Chemical Formula: C8H9NO2
Target: Antipyretics

Try the following:

DrugBank: http://www.drugbank.ca/

openFDA API to get some data online: http://open.fda.gov/

  • OpenFDA's APIs are now live. You will probably need a combination of the label and report endpoints. – Mark Silverberg Aug 22 '14 at 16:07

See also Wikidata. Recent publication "Wikidata, A platform for data integration and dissemination for the life sciences and beyond" http://www.swat4ls.org/wp-content/uploads/2015/10/SWAT4LS_2015_paper_38.pdf

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