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Malaysian Biotechnology Sector
Date:8/25/2009

mplementation.

The Government and BiotechCorp is working towards meeting the challenges that the nascent Malaysian biotech industry faces in terms of technology - moving from lab based research to commercialisation, as well as meeting human resource needs. In the short term, these represent restraints for the sector, and programs like technology acquisition and transfer as well as educational needs are being looked into to meet these challenges.

BiotechCorp was established by the Malaysian government to support the development of Malaysian companies in the biotechnology space. One of Biotech Corp's key mandates is to facilitate the inflow of foreign capital into the sector. A key focus for BiotechCorp in moving forward is commercialisation. This may come in the form of technology transfer and licensing. This will ensure that rights of parties involved, including IP, are fully protected in collaborations and partnerships that seek to commercialise R&D.

"This is the time to strengthen the private-public sector partnership and scientific collaborations between Malaysian centres of excellence and global companies that could further grow the biotech business when things turn around," adds Bhuller.

The Malaysian biotech industry deal making remained brisk in 2008. It was also an active year in the Malaysian biotechnology industry with acquisitions and collaborations across all key areas. In the Industrial Biotechnology Sector, Enzyme Technology Sdn Bhd and Insect Biotech of Korea entered into a partnership to establish an industrial enzyme manufacturing facility in Malaysia. BiotechCorp acquired technology for the supercritical fluid extraction of natural substances that occur in plants from Dutch company, FeyeCon. Agricultural biotechnology saw the largest number of partnerships between local and foreign companies, ranging from Genome Technology to microbial research.


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SOURCE Frost & Sullivan
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