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Outstanding Healthcare Companies in Asia Pacific Honored
Date:4/21/2009

SINGAPORE, April 21 /PRNewswire/ -- Frost & Sullivan presented 20 awards to the best companies in Asia Pacific's Healthcare sector at the 2009 Frost & Sullivan Asia Pacific Excellence in Healthcare Awards held today at the InterContinental hotel in Singapore.

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

Held for the fourth consecutive year, the awards banquet recognised companies across pharmaceuticals, clinical diagnostics, imaging, generics, biotech, clinical research organisations and medical devices sectors. The evening of achievement and celebration saw regional and local representation from the healthcare industry.

Of those in attendance to receive their coveted titles were the who's who of the industry like Ahmet Genel, Managing Director, Pfizer; Mark Engel, Chairman, Excel Pharmastudies; Elmo de Alwis, CEO and Managing Director, Sigma Pharmaceuticals; Dr. Wim M. M. Botermans, Regional Managing Director, Asia, IBA Health; Grace Park, Singapore Country Director, Medtronic; Tony Wilkey, CEO, Prudential Corporation Asia; amongst several others.

Speaking at the banquet, Reenita Das, senior vice president for Healthcare practice at Frost & Sullivan Asia Pacific, commented that the healthcare sector in Asia is expected to perform better than its counterparts in the US and Europe in the coming years. She added that Frost & Sullivan predicts that Asia will take up about 25 percent of revenues in the next 3 years, from its current level of approximately 18 percent.

Elaborating on the likely cause for this shift, Reenita said, "Asia has evolved to become the new frontier for pharmaceutical firms in search of their next blockbuster drug while keeping research costs low. Companies need to set their strategic sights on a future global environm
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SOURCE Frost & Sullivan
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