$1b investment in Malaysia’s biotech sector

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biotech1Malaysian Biotechnology Corp, a government agency focused on promoting investment in Malaysia’s biotech sector, said on July 31 it expects to record or surpass $1 billion worth of investments into the local biotechnology sector in 2013, surpassing its initial target of $580 million.

According to the firm’s CEO Nazlee Kamal, investments so far this year were already close to $645 million. There is an equal level of domestic and foreign investment expected.

The company is is responsible for executing the objectives of Malaysia’s National Biotechnology Policy and acts to identify value propositions in both research and development, as well as commerce and to support these ventures via financial assistance and developmental services.

One of the larger forays lately was the biotech investment in Terengganu between Arkema of France and CJ CheilJedang of South Korea

 

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Reading Time: 1 minute

Malaysian Biotechnology Corp, a government agency focused on promoting investment in Malaysia’s biotech sector, said on July 31 it expects to record or surpass $1 billion worth of investments into the local biotechnology sector in 2013, surpassing its initial target of $580 million.

Reading Time: 1 minute

biotech1Malaysian Biotechnology Corp, a government agency focused on promoting investment in Malaysia’s biotech sector, said on July 31 it expects to record or surpass $1 billion worth of investments into the local biotechnology sector in 2013, surpassing its initial target of $580 million.

According to the firm’s CEO Nazlee Kamal, investments so far this year were already close to $645 million. There is an equal level of domestic and foreign investment expected.

The company is is responsible for executing the objectives of Malaysia’s National Biotechnology Policy and acts to identify value propositions in both research and development, as well as commerce and to support these ventures via financial assistance and developmental services.

One of the larger forays lately was the biotech investment in Terengganu between Arkema of France and CJ CheilJedang of South Korea

 

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