Dr Ming Pang, Chairman of World Pioneer Ltd is one of the leading lights of the Hong Kong biotech sector. Here he gives the blunt truth about the outlook for this newly fashionable sector in Singapore, China, Hong Kong and Taiwan.
FA To start with, what's the difference between life sciences, biotech and pharmaceuticals
Dr Ming Pang Life sciences covers the largest area. It can encompass the pharma industry, traditional Chinese medicine TCM, agricultural products and processes as well as the environmental industry. If agricultural products are not modified they are part of life sciences if they have been genetically modified they are part of biotech. Life sciences can also cover surgical implements....