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Healthcare Companies Compete for Industry's Most Coveted Titles
Date:3/22/2009

~ 20 prestigious titles to be bestowed at the 2009 Frost & Sullivan Asia Pacific Excellence in Healthcare Awards ~

SINGAPORE, March 23 /PRNewswire/ -- The annual Frost & Sullivan Healthcare gala is the premier banquet in Asia Pacific which recognizes companies operating in the entire spectrum of Healthcare. Companies in the field of pharmaceuticals, contract research, imaging, medical devices, generics, biotech, clinical diagnostics and healthcare services will be honoured for their best practices at the 2009 Frost & Sullivan Asia Pacific Excellence in Healthcare Awards. The banquet will be held on April 21, 2009 at the InterContinental Singapore.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

Past years' awards have demonstrated increasing competitiveness of home-grown names amidst their global, longer-standing counterparts. Domestically established names Parkway Health and Pharmaniaga Berhad stood alongside multinationals such as Roche, GE Healthcare, Siemens Medical at last year's banquet. Attended by over 150 industry leaders, the dinner hosted presidents, vice-presidents and directors amongst other senior level executives from the region's healthcare sector.

This year the race is further intensified as the global financial melt-down weighs down on players across fields. Though not as apparent in the healthcare sector, the current economic worries could have an implication on the healthcare industry long believed to be a recession-proof sector.

"The Healthcare sector is in a highly dynamic state, influenced by the immediate implications of the current economic climate and a multitude of industry issues. Irrespective of their size and stage of development, companies are faced with higher interest rates, cost rationalization and divestment
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SOURCE Frost & Sullivan
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