Versuchen GOLD - Frei
Taiwan's biotech gathers momentum
BioSpectrum Asia
|BioSpectrum Asia July 2025
Leader: Backed by coordinated efforts from both government and industry, Taiwan's biotechnology sector is expanding steadily, with revenues reaching approximately $23.3 billion in 2023. The industry is positioning itself as an important player in the global biotech value chain. But what will it take for Taiwan to grow into a $32 billion biotech economy? Let's find out.
Biomedicine is a key focus under Taiwan’s '5+2' Innovative Industries Plan, with the government aiming to establish the country as a leading hub for biomedical research and development in the Asia-Pacific region. Taiwan has reaffirmed its commitment to biotechnology as a strategic industry for 2024 and 2025, introducing new legislation and increasing funding to support growth.
In August 2024, Premier Cho Jung-tai announced a comprehensive set of biotech policies. The country also approved the Regenerative Medicine Act and related product regulations, aimed at advancing the development of cutting-edge therapies. The government also increased its budget for 2025, allocating NT$146.6 billion (approximately $4.6 billion) for technology, marking a 14.9 per cent increase. The funding will support AI-driven medical research and development, as well as workforce training across the Education, Economic, and Science ministries.
Taiwan aims to replicate its semiconductor success in the biotech sector, and a key step in that direction was the launch of the Taiwan BioManufacturing Corporation (TBMC) in May 2023. Modelled after Taiwan Semiconductor Manufacturing Company (TSMC), the government holds a 40 per cent stake in TBMC, underscoring its strategic importance. While biotech has long been identified as a priority sector for Taiwan, its capital-intensive nature and long development timelines have made sustained government and consortium support essential.
Diese Geschichte stammt aus der BioSpectrum Asia July 2025-Ausgabe von BioSpectrum Asia.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON BioSpectrum Asia
BioSpectrum Asia
WHO and the European Commission expand partnership to combat AMR
The World Health Organization (WHO) and the European Commission's Health Emergency Preparedness Authority (HERA) have signed a €3.5 million agreement to expand their partnership to combat antimicrobial resistance (AMR) under the EU4Health programme.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
PRISM BioLab partners with Talus Bioscience for AI-based drug discovery
Japan-based PRISM BioLab and US-based startup Talus Bioscience, Inc. have entered into a collaboration to discover novel inhibitors of transcription factor (TF) and protein-protein interaction (PPI) targets.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
Ferronova raises $6 M to advance imageguided cancer surgery
Australian startup Ferronova has raised a further $6 million to progress the commercialisation of a novel nanoparticle image-guided surgery solution seeking to improve identification of cancer cells and reduce the risk of undetected recurrence following surgery.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
PAHO launches roadmap to improve blood pressure control
The Pan American Health Organization (PAHO) has launched the new HEARTS Quality Framework, a practical guide published in The Lancet Regional Health - Americas, which countries can immediately use to enhance hypertension and cardiovascular risk management, prevent heart attacks and strokes, and deliver better care through primary health care within their communities.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
UK and Singapore launch new regulatory innovation corridor to fast-track health technologies
As part of this first-of-its-kind partnership between the UK's Medicines and Healthcare products Regulatory Agency (MHRA) and Singapore's Health Sciences Authority (HSA), companies will have a coordinated fast track pathway to engage both regulators at the same time.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
Zydus Lifesciences partners with Myriad Genetics to launch cancer-risk assessment diagnostic tests in India.
India-based Zydus Lifesciences has signed an agreement with US-based Myriad Genetics, a leader in molecular diagnostic testing and precision medicine.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
Korea steps up pandemic response with $18.9 M investment in CEPI
The Republic of Korea has announced new $18.9 million support to bolster national and global efforts to protect against the next deadly pandemic and boost international health security.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
Belgium and WHO sign new agreement to boost global health accessibility
The World Health Organization (WHO) has announced a new €8 million, four-year contribution from the Government of Belgium to accelerate global equitable access to essential health products and technologies.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
Pharmacopoeia Commission of India inks 3 MoUs with Nagaland
The Pharmacopoeia Commission of India (IPC), an autonomous institute under the Ministry of Health and Family Welfare, Government of India, has signed three Memorandums of Understanding (MoUs) with Nagaland Medical Council, Nagaland State Drug Control Administration (NSDCA), Department of Health and Family Welfare, Nagaland and State Pharmacy Council, Government of Nagaland, a northeastern state of India.
1 min
BioSpectrum Asia Jan 2026
BioSpectrum Asia
UK to prioritise medical graduates for training places
The UK government has put an offer to the British Medical Association (BMA) that would put in place emergency legislation for UK and Republic of Ireland medical graduates and doctors who have worked in the National Health Service (NHS) for a significant period of time to be prioritised for specialty training and tackling bottlenecks through an overhaul of recruitment for medical training.
1 min
BioSpectrum Asia Jan 2026
Listen
Translate
Change font size
