In the Asia Pacific biotechnology industry, biosimilars are witnessing greater acceptance and robust growth. The need to have affordable biologic drugs is the prime reason for growth in this segment. According to a new research report by RNCOS, the patented biologics usually belong to the regulated, developed markets, while the Asian countries are generally equipped to produce their biosimilar versions. As most of these drugs are on the verge of patent expiration, countries such as China and Singapore are all set to cash in on the opportunity.
All this is leading towards an extensive growth and strong R&D in the segment. On back of such developments, the biosimilars market in the region is anticipated to grow at a compound annual rate of around 19% during 2010-2013.
The report, Asia Pacific Biotechnology Market (2008-2012), says that strong factors, such as extensive government support and robust research are driving the Asia-Pacific biotechnology sectors growth. Countries, such as India, China and South Korea are showing the maximum evolvement, and the growth in the biotechnology segment has led to several sectors evolving rapidly in the Asia-Pacific market. Some of the most significant growth rates have been shown by Bioagriculture, Contract Research, Stem cell research and bioinformatics. As per the research, vaccines and therapeutics represent one of the most lucrative segments in the biotechnology industry.
The comprehensive study observed that the global players have acknowledged the significance of the Asia-Pacific biotechnology sector, and therefore, made attempts to penetrate this market. In this regard, consolidation activities have been growing significantly. The research work analyzes the biotechnology market in the region, and provides detailed product and geographical segmentation for the complete understanding of the industry. The report also presents forecasts, includes key market trends, and provides an overview of government regulations that will help clients make sound investment decisions.
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As we can see from the news that China’s top leading body Monday affianced to keep wild dangles in the economy, while admonishing that the economic berth in 2011 would be elaborated.
It is reported that country should assert stable and logical macro-economic policies while ameliorating truth, flexibleness and efficiency of the insurances, the Political Bureau of the Communist Party of China Central Committee adjudicated at a adjoining presided over by President Hu Jintao, who is also General Secretary of the CPC Central Committee.
As we all know that functionaries at the meeting were urged to “continue sober, be aware of difficult nesses, and work hard to fulfill the tasks this year so as to create a good start for the 12th Five-Year Program.”
It is said that the top echelon of leaders confident that China would carry on an active financial policy and prudent pecuniary policy, while trying to balance becalm economic growth with economic reconstituting and ascendance of inflationary anticipations.
“It is necessary to assert stable goods prices, expand domestic economic consumption, increase investing in agribusiness, speed up blue-collar reconstituting, promote breeding and development of science and applied science, and improve people’s keeps and cultural services,” the Political Bureau of the CPC Central Committee urged at the meeting.
It also ingeminated the importance of making great efforts to amplify reclaims in key spheres, advanced the cause of opening-up, while compounding attempt to build a blank government and fight corruptness.
Members of the Political Bureau of the CPC Central Committee also discoursed the drafts of the authorities work account and the 12th Five-year Program, or the national development plan for 2011 to 2015.
The two documents will be submitted to the top legislature for discussion and approval at its forthcoming annual session in March.
The catamenia from 2011 to 2015 will be decisive for China which wants to build a well-off society, said a affirmation from the meeting.
In the next five years, in a bid to meet Chinese people’s anticipations for a better life, China will stick to technological development by focusing on quickened translation of its way of economic growth while changing the reform and opening-up, assuring and improving people’s livelihoods, according to the statement.
“It is necessary to solidify and boost China’s success in exceeding other countries in dealing with the international financial agitation, and advance the economic system to grow at a faster and steady pace for a long time while assuring social concord and constancy,” the statement said.
Great efforts should also be made to acquire social services, advance the cause of economizing energy and imaginations, protective the surroundings in a down-to-earth manner, as well as keep compounding the drive to heighten reform of the authorities, the affirmation said.