Lab-Asia

Biotech industry to contribute 5% to Malaysia’s GDP by 2020

Tuesday, 17 August 2010 09:46 |

Mida E-News|Industry News|12 August 2010

Malaysia's biotechnology industry is expected to contribute about 5 % to the country's gross domestic product (GDP) by 2020, says Deputy Prime Minister Tan Sri Muhyiddin Yassin.

Speaking at the launch of the Pahang Biodiversity-Biotechnology Strategic Action Plan in Kuantan on 9 August 2010, the Minister said the biotechnology industry contributed 2% to the GDP last year and created over 54,000 jobs in the country.

Lab Indonesia 2010 Concluded with Exhibitors All Smiles

Tuesday, 11 May 2010 16:28 |

Lab Indonesia 2010, The First and Only Focused Laboratory, Analytical and Instrumentation Technology Exhibition and Conference held in Jakarta Convention Center, Indonesia from 14 to 16 April was a huge success.

A Total of 3733 visitors were attracted to visit the exhibition from 18 countries and 17 different sectors.

Bio-XCell’s First 3 Tenants To Invest RM300mil

Thursday, 06 May 2010 15:58 |

By Yvonne Tan
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The Star I Business I 6 May, 2010

CHICAGO: Bio-XCell, a biotechnology eco-system and park to be built in Nusajaya, Iskandar Malaysia, welcomed its first three tenants yesterday after sealing memoranda of agreement (MoA) with the respective companies in deals valued at a collective RM300mil.

“We expect their operations to start in 2012 or latest, by 2013,” Malaysian Biotechnology Bhd (BiotechCorp) CEO Datuk Iskandar Mizal Mahmood said.

The tenants are biotech feedstock technology firm Glycos Biotechnology Inc from the United States, agriculture-related MGM Ingredients AG from Switzerland and an India-based pharmaceutical company.

“These will be our mini anchor tenants. We expect to close three more deals involving platinum-status or main anchor tenants before the year-end,” Iskandar said. He was speaking to Malaysian journalists after the global launch of Bio-XCell and the signing of MoA at the Bio Chicago 2010 convention here yesterday.