$1b investment in Malaysia’s biotech sector

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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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. 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...

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

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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