Malaysia Biotech Industry Lags In Expected Growth

Executive Summary

Malaysia's experiment in building a biotechnology industry is lagging behind initial goals as the government approaches the second five-year phase set to begin in 2011. Plans call for the biotech industry to more than double its share of the economy to 2.5 percent within the 2011-2016 period. Since the National Biotechnology Policy was adopted in 2005, the biotech industry has grown only enough to constitute 1 percent of gross domestic product. The head of the government's Malaysia Biotechnology Corp said the nation needs more cooperation between researchers and industry players. (Click here for more