JULYASIA BUSINESS OUTLOOK19Biotechnology is a science-driven industry sector that uses living organisms and molecular biology to produce healthcare-related products. Biotechnology companies also develop therapeutics or processes (such as DNA fingerprinting). Biotechnology is best known for its role in medicine and pharmaceuticals, but the science is also applied in other areas such as genomics, food production, and the production of biofuels. Asia is in the midst of rapid economic growth and now offers excit-ing possibilities in research, particularly in the area of biotechnology. Just two decades ago, advanced biotechnology research was centered primarily in the U.S. and Europe, and many researchers and students from Asia went there to pursue postgraduate studies. With the booming Asian economy and increasingly vibrant research climate, many of those researchers have now returned and brought their expertise with them. They have gone on to establish biotech forces in both academia and in-dustry, as well as form a large network of connections between research-ers in Asia and around the world. The field of biotechnology is extremely broad and multidisciplinary, with applications ranging from energy and materials production to pharmaceuticals and molecular and tissue engi-neering. India is ranked No.1 Global Innovation Index amongst Central & Southern Asia region. India is among the top 12 destinations for biotech-nology globally and 3rd largest biotechnology destination in the Asia Pacific region. Leading the growth in biotechnology in Asia are China, Japan, South Korea, and Singapore. Although each country has pursued unique research directions, interest has centered on three key areas: biomanufacturing of chemicals and biomaterials for various industries, including health, food, energy, and agriculture. Today, there continues to be much collaboration between researchers in Asia and those in the U.S. and Europe. The dramatic rise in the quality of research in Asia, cou-pled with increasing research opportunities spurred by rapid economic growth, draw a growing number of international researchers into Asia. The current healthy infrastructure supporting biotech development in Asia is also enabling many native young people to stay and work in bio-tech companies in Asia.Asia Business Outlook in this issue presents a list of `Top 10 Biotech Companies from Asia - 2022' who have leveraged their extensive industry expertise and experience in bringing innovative solutions to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial BIOTECHCOMPANIES FROMASIA - 2022TOP 10
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