Remove 2028 Remove Drug Development Remove Pharmaceuticals Remove Vaccine
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Price of non-human primates drops in China following Covid boom

Drug Discovery World

A drop in the prices of non-human primates (NHPs) in China indicates a post-pandemic slowdown in Chinese drug development, according to a report in the Financial Times. In 2021, about 30,000 monkeys were bred in China, according to China’s NHP Breeding and Development Association. The figures are taken from UBS data.

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Can Singapore become a global hub for biotech?

Drug Discovery World

According to Statista, revenue in this sector is expected to grow at an annual rate of 6.77%, resulting in a market volume of US$2,208m by 2028 1. Singapore is among a few countries worldwide whose pharmaceutical export value far exceed the import value. Prof Wee Joo Chng is hopeful for the future: “The ecosystem is becoming stronger.