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Malaysia Biotech Sector Expects Slower Growth This Year

This article was originally published in PharmAsia News

Executive Summary

Malaysia's Biotech Corp says it expects the country's biotech sector to grow at a slower rate this year because of the global economic situation. CEO Datuk Iskander Mizal Mahmood said, however, he is optimistic Malaysia's biotech industry will continue to be resilient. The government agency noted the sector had 18 percent growth in 2008, but Iskandar said it would not be realistic to expect that rate this year. He said Biotech Corp expects to shepherd about the same number of new companies in setting up businesses this year, usually 50 to 55. (Click here for more

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