Philippine biotech firms aiming to form links with Taiwan companies

Taipei, July 26 (CNA)Philippine pharmaceutical and biotechnology companies are displaying a series of products in Taipei with the goal of forging partnerships with their counterparts and other enterprises in Taiwan.

At the 2019 BIO Asia-Taiwan Conference and Exhibition, three Philippine companies are among the 600-plus exhibitors from some 25 countries that are seeking to form alliances with biomedical scientists, entrepreneurs and investors to expand business opportunities in the Asia Pacific market, according to the event's website.

Michael Alfred V. Ignacio, director of commercial affairs at the Philippine Trade & Investment Center in Taipei, said the Philippine companies can supply products to distributors in Taiwan and help Taiwanese pharmaceutical businesses tap into the market of 104.9 million people in his country.

"We're here to forge alliances and strategic partnerships and also to look at the possibility of marketing our own products," he told CNA. "The companies are also open to manufacturing or licensing Taiwanese pharmaceutical products for marketing and distribution in the Philippines."

Read more: Focus Taiwan