Tsai touts local biomed sector at event openingBy Dennis Xie / Staff writer, with CNADuring the opening ceremony of the BIO Asia-Taiwan Exhibition yesterday in Taipei, President Tsai Ing-wen (蔡英文) expressed the hope that advancements in Taiwan’s biotechnology industry would usher in major business opportunities from abroad, allowing the sector to reach NT$1 trillion (US$339.50 billion) in annual production. Despite COVID-19, the annual biotech trade show attracted pharmaceutical and medical device companies from more than 500 nations, including the US, the UK, Australia, Switzerland and Malaysia. The five-day exhibition is the first in-person international biotechnology trade show in Asia since the outbreak of COVID-19. The nation would deregulate relevant laws to expedite the growth of the sector, she said. Meanwhile, the National Biotechnology Research Park in collaboration with several multi-national pharmaceutical companies, accelerators and venture capital firms yesterday opened an accelerator hub for biomedical start-ups.

Source: Taipei Times July 23, 2020 15:56 UTC