Tue, Feb 13, 2001 - Page 17 News List

President lauds biotech as the nation's rising star

By Dan Nystedt  /  STAFF REPORTER

President Chen Shui-bian (陳水扁) said he hoped that government, industry and academic leaders in Taiwan can work together to "bring forth biotechnology as our nation's star industry of the 21st Century," in a speech delivered by the director of the Ministry of Economic Affairs' Biotechnology and Pharm-aceutical program office (生物技術與製藥小組) on his behalf.

The speech was part of Taiwan's 2001 International Bio-technology and Pharmaceutical Convention, attended by former Ukranian President Leonid Kravchuk and Academia Sinica President Lee Yuan-tseh (李遠哲), who won the Nobel prize in chemistry in 1986.

The former president of Ukraine is here as part of a group promoting biotechnology collaboration between his country and Taiwan. In a speech, he outlined some of the Ukraine's key biotech advances, with emphasis on the technology used to manufacture proteins for use in therapeutic drugs.

A venture capital firm representative who wished to remain anonymous said information presented by the Ukrainian delegation was attractive, but the financial credentials and intellectual property patents behind the "big names and big money talk" needed to be further investigated.

No formal agreements were signed with the Ukrainian delegation yesterday.

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