BioSpectrum Asia Magazine - BioSpectrum Asia Nov 2024
BioSpectrum Asia Magazine - BioSpectrum Asia Nov 2024
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In this issue
APAC Bullish on Biosupplier Revenue
Amidst Global Uncertainty The Asia-Pacific (APAC) market plays a
crucial role for global biosupplier companies, contributing anywhere from 15 per cent to 25 per cent of their total global revenues. Between 2021 and 2023, the bioprocessing market was one of the strongest performers, growing at about 18 per cent annually due to COVID-19-driven demand. However,2023 was a challenging year for biosuppliers, with the decline in COVID-19-related spending and various global events impacting business, resulting in plummeting revenue for most firms.
While the bioprocessing sector saw impressive growth between 2021 and 2022, post-COVID-19 normalisation and rising financing costs have led to flat growth from 2022 to 2023. Despite this, the market is expected to rebound over the next two years, with an average growth forecast of around 9 per cent from 2023 to 2027, according to a report from Clearstate.
New Zealand introduces new Mental Health Bill
The Health Ministry in New Zealand has announced that a new Mental Health Bill has been introduced and is now publicly available.
1 min
Greater Bay Area International Clinical Trial Institute in Hong Kong to initiate full operations in 2024
The Health Bureau (HHB), Hong Kong government, has announced that after months of preparation with full effort since the Chief Executive put forward in the Policy
1 min
India's CDSCO becomes Affiliate Member of International Medical Device Regulators Forum
To achieve global alignment in its medical device regulatory system, enhance the competitiveness of the domestic industry, and boost transnational prominence, the Central Drugs Standard Control Organisation (CDSCO), under the Ministry of Health and Family Welfare, government of India, applied for Affiliate Membership in the International Medical Device Regulators Forum (IMDRF) in 2024.
1 min
Singapore seizes opportunity to transform healthcare through technology
In response to the convergence of three major developments, namely genomics, artificial intelligence (AI) and the focus on preventive care, the Ministry of Health (MOH) in Singapore is seizing the opportunity to transform healthcare through technology.
1 min
China's CanSino receives over $17 M to accelerate polio vaccine development
China-based CanSino Biologics Inc. has received an additional financial boost, securing a grant exceeding $17 million to propel its recombinant poliovirus vaccine (VLP-Polio) project forward.
1 min
Japan's Astellas and UK-based AviadoBio ink billion dollar deal for gene therapy targeting frontotemporal dementia
UK-based AviadoBio and Japan's Astellas Pharma Inc. have announced an exclusive option and licence agreement for AVB-101, an investigational, AAV-based gene therapy in Phase 1/2 development for patients with frontotemporal dementia with progranulin mutations (FTD-GRN).
1 min
Caliway Biopharma raises $206 M in Taiwan's biotech largest IPO
Caliway Biopharmaceuticals has announced the successful completion of its initial public offering (IPO) and up-listing from the Emerging Stock Market to the Taipei Exchange.
1 min
SK bioscience invests $3 M in US-based FinaBio specialising in next-gen conjugate vaccine technology
South Korea-based SK bioscience has signed an agreement to acquire a stake in Fina Biosolutions, based in the US, by investing $3 million.
1 min
Sanyou Bio opens new 10,000-sqm R&D facility in Shanghai
Sanyou Bio recently announced a move into its new 10,000-square-metre R&D building at Shanghai headquarters.
1 min
Cytiva opens first Innovation Hub in Korea
Cytiva, a global life sciences leader, has opened its first Innovation Hub in Korea, located in the Songdo Bio-cluster in Incheon.
1 min
Sunway Healthcare Group inks MoU with Medtronic to advance medical care in Malaysia
Sunway Healthcare Group from Malaysia and Medtronic have officially signed a Memorandum of Understanding (MoU), marking a significant milestone in their collaborative journey to advance medical care, and underscoring a shared vision of developing solutions to tackle some of the most pressing healthcare challenges.
1 min
Taiwan's Pharmosa Biopharm expands collaboration with Liquida
Liquidia Corporation, a US-based biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary diseases, and Taiwan-based Pharmosa Biopharm have amended the current exclusive licensing agreement for the development and commercialisation of L606, an inhaled, sustained-release formulation of treprostinil currently being evaluated in a clinical trial for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).
1 min
Alpha Fusion accelerates astatine-based drug discovery with Series B funding
Alpha Fusion, Inc., working on research outcomes from Osaka University and the Japan Science and Technology Agency (JST) OPERA QISS programme, has raised a total of ¥1.02 billion through a Series B funding round.
1 min
India-Australia partnership to build bio innovation corridor
La Trobe University, Australia and India's Biotechnology Industry Research Assistance Council (BIRAC) have signed a Letter of Intent (LOI) to establish a Bio Innovation Corridor to support the development of research and innovation.
1 min
Singapore launches accelerator programme for startups in digital health innovation
The National University of Singapore (NUS) Medicine Digital Advanced Technology Accelerator (DATA) has launched its Digital Accelerator Programme for startups in the field of digital health innovation.
1 min
Mediwhale secures $12 M to enhance cardiovascular and metabolic disease management
Mediwhale, an artificial intelligence (AI)-powered health diagnostics startup based in South Korea, has announced $12 million series A2 investment.
1 min
WHO and multilateral development banks kick off $1.5 B primary health financing platform
Execution is starting under the new Health Impact Investment Platform on the first country health investment plans turning original commitment into operational reality.
1 min
WHO adds HPV vaccine for single-dose use
The World Health Organisation (WHO) has announced that a fourth WHO-prequalified human papillomavirus (HPV) vaccine product, Cecolin (developed by Xiamen Innovax Biotech) has been confirmed for use in a single-dose schedule.
1 min
APAC Bullish on Biosupplier Revenue by Jan Amidst Global Uncertainty
The Asia-Pacific (APAC) market plays a crucial role for global biosupplier companies, contributing anywhere from 15 per cent to 25 per cent of their total global revenues.
10+ mins
Digital Innovations in Diabetes Care
Diabetes affects 537 million people globally and is a major contributor to the non-communicable disease NCD) epidemic. Technological tools such as continuous glucose monitors CGMs) and mobile apps are redefining diabetes management. On this World Diabetes Day November 14, 2024), we explore how digital health is transforming diabetes care and the challenges associated with its integration into healthcare systems.
5 mins
Targeted Transformation of Diabetes Care in India
According to the International Diabetes Federation (IDF) about 63 per cent of people with diabetes say that the fear of developing diabetes-related complications affects their well-being.
5 mins
"To achieve our 'Skilled India' vision, we'll train a large number of individuals quickly and to high standards"
Jayant Singh Chaudhary, Union Minister of State (Independent Charge), Skill Development and Entrepreneurship, Government of India, in an interaction with BioSpecturm in Hyderabad, shares his insights on the various initiatives taken up by the Centre for skill development programmes, boosting self-employment.
5 mins
"Moving forward, cancer may not be a death threat but a manageable disease with strong control"
Cartherics Pty Ltd, a Melbourne-based biotechnology company led by renowned stem cell biologist and IVF pioneer Prof Alan Trounson, is , focusing on a portfolio of CAR-T and CAR-NK cell products.
4 mins
"Australia is a great place to do business as we have a superb research community, great partners and very experienced clinical trial units"
Noxopharm Limited, an Australian biotech company, is making strides in the fight against cancer and inflammation with its innovative technology platforms, Chroma and Sofra.
5 mins
"The Vietnam Institute is set to play a key role in fostering regional collaborations as a hub for knowledge exchange & partnerships"
The University of Sydney Vietnam Institute, officially launched in June 2024, aims to enhance Vietnam’s scientific capacity and contribute to the country’s economic and social development.
5 mins
Managing Delicate Role of Donors for Drug Development and Research
A sustainable, active, and diverse donor pool is more important than ever as the frontiers of medical research continue to push the envelope.
5 mins
National University of Singapore and Imperial College London establish major research partnership
National University of Singapore (NUS) and Imperial College London have announced a new partnership to strengthen research collaborations.
1 min
University of Hong Kong to establish Global Innovation Centre
To consolidate Hong Kong's leading position in basic research, the University of Hong Kong (HKU) is planning to establish the Global Innovation Centre (GIC), an upstream technology research facility, in Pokfulam.
1 min
Nobel Prize in Chemistry 2024 to trio for cracking code for protein structures
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2024, with one half to David Baker, University of Washington, US for computational protein design; and the other half jointly to Demis Hassabis, Google DeepMind, London, UK; and John M. Jumper, Google DeepMind, London, UK for protein structure prediction.
1 min
Victor Ambros and Gary Ruvkun win 2024 Nobel Prize in Physiology or Medicine for discovery of microRNA
The Nobel Assembly at Karolinska Institutet has decided to award the 2024 Nobel Prize in Physiology or Medicine jointly to Victor Ambros and Gary Ruvkun for the discovery of microRNA and its role in post-transcriptional gene regulation.
1 min
Clarity Pharma promotes Michelle Parker to CEO
Australia-based Clarity Pharmaceuticals has announced the appointment of Michelle Parker as Chief Executive Officer (CEO), effective from October 11, 2024.
1 min
Integris appoints medtech veteran Probir Das as new CEO
Integris Healthcare, a global diversified medical technology company, has announced the appointment of Probir Das as Chief Executive Officer (CEO). He will join effective November 2024 and will be based in New Delhi.
1 min
Dr Makoto Sugita steps in as President of Nxera Pharma Japan
Nxera Pharma Co., formerly known as Sosei Group or Sosei Heptares, has announced the appointment of Dr Makoto Sugita, as President of Nxera Pharma Japan, and Executive Officer, Executive Vice President and Chief Medical Officer (CMO) of Nxera Pharma.
1 min
India develops portable ultrasound scanner for sports injury diagnosis
A team of researchers at the Indian Institute of Technology Madras (IIT-M) has developed an indigenous portable Point-of-CareUltrasound (POCUS) Scanner for sports injury diagnosis and management.
1 min
Spider venom heart drug moves to clinical trials in Australia
A University of Queensland (UQ)-led project in Australia to develop the first-ever drug to treat heart attack and protect donor hearts will move to human clinical trials, after receiving $17.8 million in funding from the Medical Research Future Fund (MRFF).
1 min
Singapore designs novel gene therapy offering hope for epilepsy patients
Researchers from the Yong Loo Lin School of Medicine, National University of Singapore are working on a therapy that holds potential in treating patients with epilepsy, a neurological disorder defined by recurring seizures due to abnormal brain activity.
1 min
Eppendorf brings CO2 incubator shaker with integrated 180 °C sterilisation routine
Eppendorf has announced the launch of a CO2 incubator shaker with integrated 180 °C sterilisation routine.
1 min
Waters introduces new bioseparations tools to improve development of RNA-based vaccines using LC-MS analysis
US-based Waters Corporation has introduced a comprehensive set of sample preparation enzymes, reagents, and waters_connect software that simplify sequence and modification confirmation of large molecule RNA therapeutics using liquid chromatography-mass spectrometry (LCMS) analysis.
1 min
Singleron and Bioscreen to enhance access to single cell multi-omics solutions for Indian researchers
Singleron Biotechnologies, a leading innovator in single cell multi-omics solutions, has announced a strategic partnership with Bioscreen, a renowned distributor of advanced life science products in India.
1 min
Promega unveils GloMax Galaxy Bioluminescence Imager for illuminating protein dynamics in real time
US-based Promega Corporation, a life-sciences research partner dedicated to providing intuitive tools that empower scientists to innovate, has unveiled the new GloMax Galaxy Bioluminescence Imager.
1 min
BioSpectrum Asia Magazine Description:
Publisher: MM Activ Sci-Tech Communication
Category: Business
Language: English
Frequency: Monthly
BioSpectrum Asia Magazine is a monthly magazine published by MM Activ Sci-Tech Communication in India. It is a leading biotechnology magazine in Asia, covering a wide range of topics related to the biotechnology industry, including:
* Biotechnology news and trends: BioSpectrum Asia covers the latest biotechnology news and trends from India and around the world.
* Biotechnology company profiles and interviews: The magazine profiles leading biotechnology companies in Asia and interviews their CEOs and other top executives.
* Biotechnology research and development: BioSpectrum Asia covers the latest biotechnology research and development from academic institutions and pharmaceutical companies.
* Biotechnology product reviews: The magazine reviews the latest biotechnology products and services.
* Biotechnology industry events: BioSpectrum Asia covers biotechnology industry events from around the world.
BioSpectrum Asia Magazine is a must-read for anyone who wants to stay informed about the latest advances in biotechnology and their potential to impact the world around us.
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