In order to accelerate the development of the biotechnology industry, the Industrial and Commercial Association put forward five suggestions to the government.

(Photographed by reporter Luo Peide)

[Reporter Liao Jianing/Taipei Report] In order to accelerate the development of the biotechnology industry and build the next sacred mountain to protect the country, the Chamber of Commerce and Industry put forward 5 suggestions to the government, including giving priority to domestic drugs and medical materials in government procurement, and speeding up medical regulations review procedures, assist biomedical companies to expand overseas business opportunities, encourage national development funds and venture capitalists to increase investment in the biotechnology industry, and include biotechnology companies' overseas investment in the applicable scope of tax incentives.

The Chamber of Commerce and Industry held a business breakfast meeting today. In their speeches, President Chen Chien-jen and Chairman of the Chamber of Commerce and Industry Wu Dongliang expressed their vision for the biomedical industry and hoped to become Taiwan's next sacred mountain to protect the country.

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Wu Dongliang said at the press conference after the meeting that today's breakfast meeting is the first time that the biotechnology industry has been included in the proposal discussion. In recent years, he has participated in the "National Biotechnology and Pharmaceutical Industry Strategy Association" (Birth Strategy Association), from a consultant to serving as a director of the current session .

Wu Dongliang said that since last year, he has continued to invite biomedical practitioners to join the Association, plans to establish a Biotechnology Committee, and also plans to invite Yang Panchi, the vice president of the Biotechnology Association, to serve as an advisor to the Association, hoping to become a communication bridge between the industry and the government in the future, focusing on Make contributions in the field of biomedicine. 

Wu Dongliang said that the Biomedical Development Association has become a large platform that combines hospitals, biotechnology companies, high-tech industries, and financial industries. He hopes that the biomedical industry will become the next sacred mountain for protecting the country. consensus on the vision.

Regarding the acceleration of the development of the biotechnology industry, Zhu Xi, secretary-general of the Association for the Advancement of Industry and Commerce, relayed that Sheng Baoxi, director of the Health Policy Council and chairman of Borui Pharmaceuticals, also put forward specific suggestions to the government in five major aspects.

The first is that the government gives priority to domestic products when purchasing drugs and medical materials. The second is to speed up the review process of pharmaceutical-related laws and regulations. The third is to subsidize the industry to participate in large-scale biotechnology exhibitions abroad, and to mediate cooperation between domestic industry and large foreign pharmaceutical companies. The fourth is to encourage the National Development Fund and venture capital companies to increase their investment in the biotechnology industry. Finally, it is hoped that the overseas investment of biotechnology companies can also apply tax incentives.

Zhu Xi also relayed the views of Minister of Economic Affairs Wang Meihua, saying that because domestic medicines and medical materials are mostly generic drugs, their value in health insurance payments is not high. Generic drugs increase health insurance payment points.

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