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Strategic collaboration to boost Malaysia's biotech push

September 13, 2017 1:56 PM
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KUALA LUMPUR: Malaysia’s biotechnological initiatives are attaining global competitiveness via the BioMalaysia and Asia Pacific Bioeconomy series that seeks to boost strategic collaboration with local players.

Malaysian Bioeconomy Development Corp Sdn Bhd chief executive officer Dr Mohd Shuhaizam Mohd Zain said the agency seeks to get as many companies to venture internationally by forging synergistic business-to-business partnerships.

“This is one way for Malaysia to improve global competitiveness in Asia Pacific,” he said in a media briefing here today.

To date, out of the 286 BioNexus status companies, 37 companies had gone global, he added.

Shuhaizam said eight BioNexus companies unveiled eight new products during the BioMalaysia 2017 event.

He also said three collaborations were concluded at the event, involving six companies and organisations, which had the potential to boost the bioeconomy sector.

“The companies are Rural Asset Group of Companies, Oudhcom LLC, Universiti Putra Malaysia, Malaysian Vaccine and Pharmaceuticals Sdn Bhd, Algaetech International Sdn Bhd and Watson Malaysia,” he said.

The event, which ended today, saw the participation of 67 companies involving 120 exhibition booths.

Also read: Malaysia scraps beer festival following Islamists' objections

Source: nst.com.my

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