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Taiwan striving to boost biotech industry growth: vice president

2016/10/26 20:27:09

Vice President Chen Chien-jen (陳建仁, CNA photo)

Taipei, Oct. 26 (CNA) Vice President Chen Chien-jen (陳建仁) said Wednesday that the government aims to boost the growth of the pharmaceutical and biotechnology industry's output from the current 6 percent to 9 percent by 2025.

To achieve this goal, the government plans to help local companies to roll out 20 new medicines and 80 medical devices, launch them in overseas markets, and develop 10 bitotech and health service brands by 2025, according to Chen.

The vice president made the remarks during the opening ceremony for a factory of Medigen Vaccine Biologics Co. (基亞) in Zhubei, Hsinchu County.

Chen said that Medigen is developing a vaccine against dengue fever infection and once the vaccine is successfully developed, it will help about 4 billion people around the globe who are living with the threat of dengue fever, and help create US$3 billion in production value for the biotech and pharmaceutical sector.

The factory's opening marks a big stride forward by Taiwan's vaccine industry toward fulfilling a national goal of self-sufficiency in vaccine supplies, Chen added.

(By Sophia Yeh and Evelyn Kao)