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Malaysia Biotech Sector Employment Grows Amid Nationwide Layoffs

This article was originally published in PharmAsia News

Executive Summary

Malaysia's biotechnology sector appears to be weathering the global economic problems so far by avoiding any of the 35,000 layoffs reported around the country. The head of Biotechnology Corp, an agency of the Finance Ministry that supports biotech ventures, said part of the reason is the industry relies on special skills in biotech, life sciences and health care industries. The sector employs about 1,980 people, is evaluating 30 applications and has a goal of producing 40,000 workers. (Click here for more
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