| Singapore
Biomedical
Sciences
The Biomedical Sciences (BMS) industry
is a key growth engine for the Singapore economy. Manufacturing capacity has been
expanding strongly, along with the rapid development of R&D expertise and
capabilities. Leading companies with significant manufacturing operations
include Applied Biosystems, Aventis, Baxter, BD (Becton Dickinson), CIBA Vision,
Fischer Scientific, GlaxoSmithKline, Japan Medical Supply, Kaneka, Leica, Merck
& Co., Novartis, 1800-Contacts, Perkin Elmer, Pfizer, Schering-Plough, Siemens
Medical Instruments and Wyeth. In R&D, companies like Novartis,
Eli Lilly, Isis Pharmaceutical, Vanda Pharmaceuticals, Paradigm Therapeutics,
Cordlife and MerLion Pharmaceuticals undertake drug discovery and development
work in Singapore. Medical Technology players with R&D presence
include BD, Welch Allyn, Essilor, Siemens Medical Instruments, Bracco, Applied
Biosystems, and Fischer Scientific. Medical Technology players with Regional Headquarters
in Singapore include Cardinal Health, Johnson & Johnson Medical, Tyco Healthcare
and Zimmer.
Biopolis, opened in October 2003, is
rapidly becoming the epicentre of biomedical research
in Singapore. It brings together more than 2,000 researchers
from the five public-funded biomedical research institutes
and research laboratories of major biotechnology and
pharmaceutical companies. Plug-and-play facilities,
like ready fitted-out labs to incubate startups, and
the setting up of shared facilities and services for
corporate and academic researchers, are also available.
Singapore has put in place various initiatives
to complement industry growth. One of these is a robust ethical framework to guide
biomedical research; another is a comprehensive regime for the protection of intellectual
property rights. BMS companies can apply for a range
of funds to support different stages of their development. The Proof of Concept
(POC) scheme for instance, aims to provide pre-seed funding to university and
hospital researchers for the development of early ideas that are patentable, and
could lead to the formation of new startups or licensing deals with biomedical
sciences companies. This is complemented by the Biomedical Sciences Innovate 'N'
Create Scheme, which provides seed capital for startups. |