The Biotechnology Innovation Organization (BIO) and the Council of State Bioscience Associations (CSBA) has released new data on the US bioscience industry, indicating it was valued at $2.9 trillion dollars in 2021. The report also found that in 2021, the US industry employed 2.1 million people in over 127,000 businesses. The investigation identified that in the pandemic, the economy reduced 1.5 percent of its workforce. Since 2018, employment numbers in the industry have grown by 11 percent, totalling $2.9 trillion dollars in 2021. Sectors such as research, testing, medical labs and pharmaceutical manufacturing expanded greatly during the pandemic, due to…
Author: Biotech Express
The Federation of Asian Biotech Associations (FABA), which has been offering a platform for academy- industry interactions since 2005 and career guidance, and skill development activities as part of FABA Academy from 2020, launched FABA Entrepreneurship division through organisation of Whale Tank event on 18th and 19th August in association with the leading incubation centres in the country. The purpose of this event was to attract prospective investments in bio- startups in their growth phase and strengthen India’s startup ecosystem. The event received an overwhelming response by the attendees including venture capitalists, pharmaceutical firms, leading incubators, and students. The event…
A popular corporate-run newspaper recently ran this sensational headline, “Doctors fear those hit by Covid now vulnerable to cardiac issues.” The narrative under the headline is scary. It goes on to say that Covid-19 not only killed millions of people, the virus is leaving many more sick and vulnerable to chronic cardiac and nervous system disorders. The report goes on to describe two cases in young people in Maharashtra who had clotting and heart issues. The first, a 28-year-old who suffered from Covid-19 a year back landed up in hospital with heart issues. He weighed 130kg. The other youngster, 22-years-old,…
Modi K, P., Sonalismita M., Narsingh K., Kalpita T. and Deepak Agarwal* Institute of Fisheries Postgraduate Studies, TNJFU, OMR-campus, Chennai, India-603103, *E-mail: deepabfsc@gmail.com Abstract: Aquaculture is the fastest growing sector that provides highly nutritious food to mitigate global challenges such as hunger, malnutrition, medicinal therapeutics and human health. In the past few decades, the fisheries sector possesses potential threats of overfishing, anthropogenic activities, germplasm degradation, climate change and disease (viral, bacterial and parasitic). Advance genomics technology such as Next generation sequencing (NGS), Single molecule real-time sequencing (SMRT), Nanopore sequencing, Cas9-assisted targeting chromosome segments (CATCH) and quantum dot and signal amplification…
Bill Gates, Serum Institute of India (SII), Drug Controller of India (DGCI), Maharashtra government and the Union government were issued notices by the Bombay High Court to respond to a petition filed by a man over his daughter’s alleged ‘vaccine death’. The man, in his plea, had blamed Covishield for his daughter’s death and demanded a compensation of Rs 1,000 crore from the Indian vaccine-maker. In 2020, the Serum Institute of India entered into a partnership with the Bill and Melinda Gates Foundation, to speed up the process of manufacturing and delivery of up to 100 million doses of Covidshield…
The Kerala High Court on August 11, 2022 has made serious observations on deaths or adverse events related to Covid-19 vaccines. The court was hearing the case of Sayeeda KA vs Union of India. The Court called for urgent action from the Central Government and the National Disaster Management Authority (NDMA). Court said, they should formulate guidelines for disbursement of compensation to the families of people who died due to reactions to the Covid-19 vaccine. The Court was hearing the petition of a woman who lost her husband, following the administering of the Covid-19 vaccine in August 2021.…
Nicknamed “COVID-pandemic’s favourite snack” and the source of multiple social media memes, Dolo-650 mg, which registered a sales of over ₹500 crores during the COVID pandemic since March 2020, is back in the news following the public interest litigation in Supreme Court by the Federation of Medical and Sales Representatives Association of India (FMRAI), a national trade union, that sought enforcement of Right to Life under Article 21 of the Constitution. In its petition, FMRAI has alleged mounting instances of unethical marketing practices by pharma companies in their dealings with healthcare professionals, which in turn has a negative effect on…
Dr Anthony Fauci, United States top infectious disease expert who became a household name during the COVID-19 pandemic, announced that he will depart from the federal government in December. In service for more than five decades, the chief medical advisor of US President Joe Biden has served as the director of the National Institute of Allergy and Infectious Diseases and chief of the NIAID Laboratory of Immunoregulation. He was a leader in the federal response to HIV/AIDS and other infectious diseases even before the Coronavirus hit. “Fauci’s resignation will not prevent a full-throated investigation into the origins of the pandemic,”…
According to a recent news, the Indian government is planning to include Serum Institute of India’s indigenously-developed Quadrivalent Human Papillomavirus vaccine (qHPV) against cervical cancer in the National Immunization Programme. As per views of a vaccine expert who is furious after this news said, there is no clinical trial study available in public domain to study the benefits or harmful effects of the proposed vaccine but system is in hurry to launch this product while not making data transparent for public scrutiny. We have seen earlier also that how Covishield which was developed by Astrazeneca and manufactured by Serum Institute…
Federation of Asian Biotech Associations (FABA) in association with the leading incubation centres in the country in the biotech sector organized “Whale Tank Event, a Venture Capital – Biotech Startup Connect”, which held virtually on the 18th & 19th of August 2022. This Whale Tank event gathered amazing start-ups, venture capitalists, pharma and biotech firms, and leading incubation centres together on one platform. The purpose of this event was to facilitate potential investments in Bio start-ups and nurture the start-up ecosystem in the life sciences space in India. It was an excellent opportunity for startups in Bio or Life Sciences,…