Malaysia’s Effort To Attract Biotech Industry Pays Off
This article was originally published in PharmAsia News
Executive Summary
Malaysia's effort to promote establishment of a biotechnology industry is bearing fruit at the rate of $143 million in annual investments. The investments have come from 55 companies that took advantage of the government's BioNexus program that provides certain guarantees for investors. The effort is centered on the BiotechCorp the government established as a nonprofit organization in 2005. The biotech-promotion effort is expected to make the industry a source of 5 percent of the nation's gross domestic product. (Click here for more