Nangang Biotech Center Will Give a Strong Boost to the Biotech Industry
2011/06/13
Taipei, June 13, 2011 (CENS)--The establishment of Nangang biotech research center in five years will give a strong boost to the development of Taiwan`s biotech industry, whose annual output value may top NT$1 trillion, five times the existing level, said Wong Chi-huey, president of Academia Sinica, Taiwan`s foremost academic research body.
Following the conditional passage of its environment impact assessment the other day, the biotech research center will be able to break ground on its construction soon, which will entail an investment of NT$22.5 billion and is scheduled for completion in five years, capable of accommodating 2,000 researchers.
Wong noted that Taiwan`s biotech industry has strong R&D capability but lacks the mechanism for the integration and commercialization of its R&D results. In Taiwan, there are at least 50 new drugs under development now, of which 30 have obtained the approval of the U.S. Food and Drug Administration for clinical test. The biotech research center can help the 30 drugs pass the clinical test and hit the market.
In general, said Wong, under patent protection a new drug can produce annual output value of at least US$1 billion, and total output value will amount to US$30 billion, or NT$860 billion, for the aforementioned 30 drugs. Plus the existing NT$221 billion, the total annual output value of the local biotech industry will soar to NT$1 trillion.
The research center will play a role of integration, pinpointing R&D results with market potential and passing them to enterprises via the mediation of industrial incubation centers. It will also coordinate the resources of the biotech center of the Ministry of Economic Affairs, Taiwan Food & Drug Administration, and the animal center of the National Science Council to assist the enterprises in commercializing the transferred technologies.