Biotechnology in Southeast Asia: Current Capabilities, Future Opportunities
What do Boston, San Francisco, and Ho Chi Minh City have in common?
Each city houses biotechnology resources that help fuel regional and global economic growth. However, several trends make Southeast Asia particularly attractive when it comes to biotechnology. Biotech players generally agree that few blockbuster drugs remain to be discovered. Companies thus face increasing pressure to reduce costs incurred in the development of cures, a trend favoring newly emerging low-cost development hubs. What is more, Asian countries are increasing their expenditure on health care, thus opening up new and large markets for these biotech players.