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New Opportunities in the Pharmaceutical and Bio-Pharmaceutical Industries: A Collaboration between Pharmaniaga Lifescience Sdn. Bhd. and CSPC Pharmaceutical Group Limited

New Opportunities in the Pharmaceutical and Bio-Pharmaceutical Industries: A Collaboration between Pharmaniaga Lifescience Sdn. Bhd. and CSPC Pharmaceutical Group Limited

wed26julAll DayNew Opportunities in the Pharmaceutical and Bio-Pharmaceutical Industries: A Collaboration between Pharmaniaga Lifescience Sdn. Bhd. and CSPC Pharmaceutical Group Limited(All Day: wednesday)(GMT-11:00)

Event Details

In recent years, the pharmaceutical sector in Malaysia has transitioned from being a generic medication manufacturer to a regional center for cutting-edge pharmaceutical research and development (R&D). There is an increased awareness of the significance of high value-added innovative goods driven by crucial illness areas that are common in Asian populations.

The scope and depth of partnerships between academia, public research agencies and pharmaceutical companies in the private sector have grown over time. These collaborations have not only enhanced research outcomes and resource utilisation but also created synergies that are beneficial to the country’s economy. Efforts are actively being made to commercialise the findings.

One exemplary instance of such collaboration is between Pharmaniaga Lifescience and CSPC Pharmaceutical. Pharmaniaga Lifescience is a fully-integrated pharmaceutical company that excels in innovation, production, and distribution. It has been recognised for its vast expertise since 2005. CSPC Pharmaceutical, on the other hand,  is a major player in China’s pharmaceutical industry and is known for its innovation leadership through its involvement in eight global R&D platforms.

The MoU signed by these two giants paved the way toward a more cohesive and forward-looking partnership. This collaboration aligns with the strategic goals outlined in the National Investment Aspirations (NIA), New Industrial Master Plan (NIMP), and National Vaccine Development Roadmap (NVDR) blueprint. It seeks to encourage the local production of pharmaceutical and bio-pharmaceutical products, ultimately achieving self-sufficiency and reducing reliance on the importation of these goods.

Moreover, the partnership has the potential to drive Malaysia to move closer to becoming an ASEAN nation that is capable of producing vaccines. Combining Pharmaniaga Lifescience’s experience in pharmaceutical manufacturing and distribution with CSPC Pharmaceutical’s global reputation for excellence in research, development, and manufacturing will play a critical role in achieving health security for our country.

The partnership will also provide an opportunity for local research institutes and higher education institutions to collaborate and transfer knowledge, which will help to advance Malaysia’s research and development culture. The increased R&D effort will further strengthen Malaysia’s position as a regional hub for pharmaceutical research and innovation.

In line with the government’s initiative to environmental, social, and governance (ESG) programmes, the partnership envisions the development of an advanced and environmental-friendly facility based on sustainability principles. This will support a directive pathway in creating a more collective ecosystem and outstanding healthcare to further strengthen the economic results.

Time

All Day (Wednesday)(GMT-11:00)

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