Board of Investment of Thailand to Support Investment in Biopharmaceuticals

The BOI had concluded that the project will be a breakthrough in Thailand's pharmaceutical industry, improving access to biopharmaceutical materials among patients, upgrading the manufacturing technology, and improving the country's competitiveness by cutting down the import and boosting the export of biopharmaceuticals in the future.
a year ago

BANGKOK, 28 September 2017 (NNT)

The Board of Investment of Thailand (BOI) has pledged to support investment in biopharmaceuticals and joined hands with Mahidol University to transfer manufacturing knowledge and technology. 

Deputy BOI Secretary-General Duangjai Asawachintachit said the BOI had agreed to support Abinis Company Limited, a Thai biopharmaceuticals firm which is seeking to manufacture monoclonal antibody from animal cells to treat certain types of cancer and lupus. 

The manufacturing of monoclonal antibody has never been performed in Thailand while the new type of biopharmaceutical for cancer and lupus treatment is considered a new invention which may only affect targeted cells while minimizing the effect on other healthy parts of the body, he said. 

The project includes research and development on a new biopharmaceutical material for lupus treatment which allows the patients to inject the medicine by themselves without visiting hospitals. 

The BOI had concluded that the project will be a breakthrough in Thailand's pharmaceutical industry, improving access to biopharmaceutical materials among patients, upgrading the manufacturing technology, and improving the country's competitiveness by cutting down the import and boosting the export of biopharmaceuticals in the future. 

Abinis Company Limited is a firm partially owned by Siam Bioscience in cooperation with CIMAB S.A. under the supervision of the Cuban government.

Source: National News Bureau of Thailand

Illustration Photo: Thai Researcher, an ASEAN-U.S. Science & Technology Fellow (credits: Montakan Tanchaisawat, USAID / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))

Comments

No comments to display.

Related posts

EU Call for Proposals: Multi-use of the marine space, offshore and near-shore: pilot demonstrators

Activities shall develop pilots by involving industrial actors and by integrating the available knowledge, technologies and facilities, in particular capitalising on the results of EU and national projects for the development of multi-use platforms or co-location of different activities in a marine space, and relevant support offshore vessels and autonomous vehicles.
Application Deadline in 2 days
16 hours ago

EU Call for Proposals: The Future of Seas and Oceans Flagship Initiative

Proposals shall address one of the following sub-topics: blue cloud services, or ocean observations and forecasting, or technologies for observations (in 2020). Actions shall demonstrate integration, capacity and (scientific, economic etc) potential.
Application Deadline in 2 days
16 hours ago

EU's Call for Proposals: Modelling international trade in agri-food products

Trade modelling has a long-standing tradition but some issues are notoriously difficult to assess and include in the existing simulation models.
Application Deadline in 2 days

EU Call for Proposals: Circular bio-based business models for rural communities

Based on an established agro-food system, proposals shall consider a variety of additional bio-based processes and end products that could be integrated into the system, and that are viable on a small scale (farm to rural community level).
Application Deadline in 2 days
16 hours ago

The Infant Formula Testing Market is expected grow at a CAGR of 6.9% to reach revenue of $20.26billion by 2023.

Infant formula is one of the emerging markets in food and beverage industry. It is basically used for the infants whose age is below 12 months (preferably).

UNICEF Innovation Fund's Call for Applications: Data science, machine learning, artificial intelligence or similar technology solutions

The UNICEF Innovation Fund is looking to make up to 100K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity. If you’ve got a start-up registered in one of UNICEF’s programme countries and have a working, open source prototype (or you are willing to make it open-source) showing promising results, the UNICEF Innovation Fund is looking for you.
Application Deadline in a month

Etisalat Digital accelerates adoption of Artificial Intelligence and Blockchain in the United Arab Emirates

Etisalat Digital selects four disruptive companies to join Future Now scaleup programme after Dubai Future Accelerators collaboration.

European Venture Investment Reaches All-Time High

Europe's venture capital investment eclipsed €20 billion for the first time ever, according to PitchBook's 4Q 2018 European Venture Report. Despite the 25.9% drop in deal volume year-over-year (YoY), swelling deal sizes and increased interest from nontraditional investors helped drive deal value to the high-water mark.

The African Union Ten Years Aquaculture Action Plan for Africa 2016 - 2025

The prospects for Africa’s aquaculture are enormous. They are defned by the continent’s vast aquatic resources, land mass and climate that are suitable for the production of an array fsh species and essential inputs such as ingredients for feed. Of added advantage, is the fact that most of the world’s important tropical and sub-tropical aquaculture species are native to Africa.

Singapore-based SEEDS Capital appoints seven partners to co-invest in agrifood tech startups

SEEDS Capital, the investment arm of Enterprise Singapore, has appointed seven co-investment partners under Startup SG Equity. This will catalyse more than S$90 million worth of investments to develop Singapore-based startups in the Agrifood tech sector. This was announced by Senior Minister of State for Trade and Industry, Dr Koh Poh Koon, at the opening of Indoor Ag-Con Asia.