The Chinese government has been instrumental in attracting multinational drug firms to the country for R&D. In 2008, as part of the 11th Five-Year Plan, the government initiated the $960 million New Drug Creation and Development Program to assist Chinese pharmaceutical R&D. Universities and institutes’ research collaborations with multinational drug companies are among the recipients […]
In an effort to stimulate the economy, cut drug costs and reduce the dependence on imports, Russia has made its pharmaceutical industry a priority for modernization. The Pharma 2020 strategy aims to increase the percentage of medicines made in Russia from 23% to more than 50% over a 10-year period. Based on the strategy, a […]
South Korea’s 30 largest corporations plan to make environmental investments of KRW 22.4 trillion ($18.61 billion) from 2011 to 2013, a 48% increase from the prior four-year period. The government will increase a KRW 105 billion fund to promote environmental investments by small- and medium-sized businesses to KRW 1.1 trillion by 2013. Source: Reuters
Japan’s share of scientific publications tumbled from 9% in 2000 to 7% in 2009, in line with other major mature economies. However, the Japan’s “citation impact,” which compares a country’s average citations per paper against a baseline world average, has declined compared to similar economies. The decline is partly attributed to a lower number of […]
Sales for the largest 100 Chinese pharmaceutical firms increased 25.1% last year to $50.22 million to represent 42% of industry sales, according to the Southern Medicine Economic Research Institute, part of the State Food and Drug Administration. Total revenues for China’s pharmaceutical industry rose 20.8%. The top three drug companies were Harbin Pharmaceutical Group, Shijiazhuanh […]
At the request of the European Parliament, the European Commission’s Joint Research Center (JRC) has prepared a report assessing the challenges of creating a science-based definition of “nanomaterials” for regulatory purposes. The JRC recommends that the definition apply only to “particulate nanomaterials” and that size, not properties, be the defining property. For the definition, a […]
The US Pharmacopeial Convention (USP) and China’s National Institute of Nutrition and Food Safety—Chinese Center for Diseases Control and Prevention have signed their first memorandum of understanding focused on food. The USP publishes the Food Chemicals Codex covering standards for food ingredients. The agreement includes potential collaborations for standards and analytical procedures. Source: USP
Earlier this month, the Bulgarian government announced that it will establish a food safety agency to oversee the country’s food chain, including agriculture and food processing. To be part of the Agriculture Ministry, the agency will be based on the European Food Safety Authority’s model. The agency will also include a Risk Assessment Center. Source: […]
The Indian biotechnology market grew 17.0% in 2009 to Rs 14,199 crore ($3.05 billion). Biopharmaceutical, BioService, BioAgri, BioIndustrial and Bioinformatics products accounted for 62%, 18%, 14%, 4% and 2% of sales, respectively. The fastest-growing sectors were BioServices and BioAgri, which each grew more than 20%. Exports increased 5.3% to account for 53% of sales, while […]
The Algerian government has approved plans to spend $1.48 billion on scientific research over a five-year period. The first phase of the project consists of 34 programs with a goal of increasing the number of researchers in the country by a third to 28,000. The number of labs is expected to increase to 1,200. Areas […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
