In January 2005, India achieved compliance with the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights, which, among other things, protect drug patents. Last September, Biocon’s BIOMAb-EGFR became the first new drug to be developed, tested and taken through approval by an Indian company. However, of India’s estimated 20,000 drug firms, few are developing […]

According to a report by the Statistics Bureau of Japan’s Ministry of Internal Affairs and Communications, total R&D expenditures for Japanese fiscal year (JFY) 2005 (April 1, 2005-March 31, 2006) were ¥17,845.2 billion ($156.5 billion), up 5.4% from JFY 2004. Of this, natural sciences R&D made up ¥16,472.1 billion ($144.5 billion). R&D was 3.53% of […]

As the world’s leading iron ore exporter, Australia has benefited from the more than doubling of the price of iron ore since 2004. During the same period, China’s imports of iron ore have climbed 60%. As a result, a number of Chinese steel firms are partnering with smaller Australian iron ore producers to maintain supplies. […]