NanomedicineCenter.com

Biotechnology will boom in the coming years

Scientists have gathered at the American Association for the Advancement of Science conference in Chicago this week, and concluded that the huge potential of biotechnology still remains unused. They predict that biotechnology will boom in coming years.
“What you have seen over the last 35 years of biotech are tremendous applications, immediate applications of biotech starting with recombinant therapeutics all the way through,” said Drew Endy from Stanford University.

The main reason that experts think biotech will expand is the fact that no one thus far has even “scratched the surface” of the promising science.

How nanomedicine treats cancer

Regular cancer treatments (i.e. chemotherapy) have countless side effects, and they don’t really cure the patient. The drugs that patients consume get lost in the bloodstream before they reach their target, thus indirectly “helping” the cancer to grow. However, nanomedicine can change it all. Targeted drug delivery does wonders, and the video below explains it.

Malaysia investing in biotechnology

At a press conference held on Tuesday, the head of Malaysian Biotechnology Corporation (BiotechCorp) announced the plans of Malaysian government for this year in the healthcare field. He said that they have put aside $3 billion for healthcare, and a large portion of it is going to biotechnology.

Malaysian government is also expecting that over 50 private companies invest large amounts of money in biotechnology by the end of 2009. “At the moment, fifteen clinical research organisations are conducting 500 trials. We expect the numbers to rise,” said Selvam Ramaraj, the vice president of BiotechCorp. “We are also working hard on finding foreign investitors in biotechnology,” concluded Ramaraj.

Source: hindu.com/2009/02/13/stories/2009021354831400.htm