Health biotechnology in Malaysia: issues and challenges faced by the innovative biotechnology firms

Gulifeiya Abuduxike and Syed Mohamed Aljunid

Chapter 7 in Innovation in Developing and Transition Countries, 2017, pp 131-155 from Edward Elgar Publishing

Abstract: Since 2005, the Malaysian government has boosted its support towards the biotechnology sector in terms of a strong policy framework, financial mechanisms and by setting up several implementation agencies to drive this sector forward. This chapter evaluates the current development of the health biotech sector by identifying the main challenges faced by private health biotechnology firms in Malaysia. The case study analysis is based on comprehensive information obtained from semi-structured interviews, a survey and a focus group discussion with key informants from the private biotech sector combined with secondary data using the triangulation method. The chapter identifies several main challenges related to regulatory systems, niche areas, human capital and access to financing. These challenges stem from an underdeveloped health innovation system in Malaysia. Additionally, we propose several specific strategies and recommendations to build an effective national healthcare innovation system, which can strengthen private sector capabilities and increase interactivity and knowledge flows between various actors within the health biotech sector. The effective exploitation of the role of biotechnology firms and industry would be the key to sustaining successful development of this knowledge-intensive sector.

Keywords: Economics and Finance; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781785369650.00016.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17239_7

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).