According to a survey by BioSpectrum and the Association of Biotechnology-Led Enterprises published this June, the Indian biotechnology industry grew 30.9% to INR 85.4 billion ($2.1 billion) in Indian fiscal year (IFY) 2006 (ended March 31, 2007), and is expected to reach $5 billion by 2010. Exports grew an impressive 47.0% to INR 49.4 billion […]
The Commonwealth Scientific and Industrial Research Organization (CSIRO) will get a total of AUD 2.8 billion ($2.4 billion) over the next four years, according to Australia’s 2007–08 budget, which was released in May. CSIRO’s National Research Flagships program will receive AUD 174 million ($146.7 million) over the next four years. Specific allotments include AUD 60 […]
The Public Population Project in Genomics (P3G), a Montreal-based nonprofit international consortium, will receive CAD 34.5 million ($32.3 million) in funding from the Canadian and Quebec governments, according to an announcement this May. P3G’s budget, which includes investments from international partners, may reach CAD 64.5 million ($60.4 million). The Canadian government expects P3G to improve […]
Pfizer announced that it will spend $300 million on R&D in South Korea by 2012. An initial agreement between South Korea’s Ministry of Health and Welfare and Pfizer for the development of drugs and medical technology was signed on June 13. According to the South Korean government, this is the largest R&D investment by a […]
The Indian prime minister’s office has assigned responsibility for the Food Safety and Standards (FSS) Act, which will establish a central regulatory body for the food industry (see IBO 8/31/06), to the Union Ministry of Health and Family Welfare. The regulatory body will be created in August or September. According to the Indian government, INR […]
In April, President Vladimir Putin announced the Presidential Nanotechnology Initiative. At least RUB 28 billion ($1.1 billion) in government funding will be allocated for the initiative through 2010; some funds will go to the purchasing new laboratory equipment. According to the Russian government, RUB 150 billion ($5.8 billion) has already been invested in nanotechnology. Putin […]
A new survey by PricewaterhouseCoopers indicates that Asia is likely to become the top market in the world for medicines, and a major center for research and manufacturing. Of the 185 executives from domestic and multinational companies (MNCs) in Asia who were surveyed, 58% believe that the pharmaceutical industry will shift its focus to Asia. […]
The Japanese government has introduced two new programs to support research centers. The World Premier International Research Center Initiative (WPI) will provide yearly funding of ¥500 million–¥2 billion ($4–$17 million) for five top-level research centers for at least 10 years. For Japanese fiscal year (JFY) 2007 (April 2007–March 2008), WPI’s budget is ¥3.5 billion ($30 […]
The Chinese government has announced a far-reaching, 15-year program to modernize traditional Chinese medicine (TCM). Already, the Chinese government has allotted CNY 1 billion ($130 million) for TCM R&D, and the total budget over the next five years is expected to range between CNY 3.7 billion and CNY 4.4 billion. This new program, which is […]
Functional Genomics in Norway (FUGE), which was established in 2002 to build a knowledge base and infrastructure that would help Norway to work at the frontiers of functional genomics research has announced a budget of NOK 920 million ($154.4 million) for 2007–2011, of which NOK 420 million ($70.5 million) is now available for funding projects. […]
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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.
