From: "Pedro Martori"
Subject: Bioven, Cuban firm in biotech joint venture.
charset = "UTF-8"
Date: Wed, 2 Oct 2002 00:20:21 -0400
NNTP-Posting-Date: Wed, 02 Oct 2002 00:25:32 EDT
Organization: Bell Sympatico
CIA,FBI,M15, BND, CSIS,DEA
Asunto: Bioven, Cuban firm in biotech joint venture.
Fecha: Tuesday, October 01, 2002 11:08 PM
Bioven, Cuban firm in biotech joint venture
By LIEW LAI JING
The Star Online
BIOVEN Holdings Sdn Bhd will team up with foreign partners in
Cuba to spearhead
the development of biotechnology products in Malaysia.
The move would enable the company to benefit from its partnersâ€™
to up-and-running biotechnology projects, said Bioven chairman
â€śThis joint venture is the first of many more. Bioven is in
several other biotech institutes in Cuba for similar types of
he said after the signing of an agreement between Bioven and
Heber Biotec SA in
Kuala Lumpur yesterday.
The event, witnessed by Health Minister Datuk Chua Jui Meng, was
conjunction with the launch of BioMalaysia 2002, the first
biotechnology symposium, exhibition and business partnering
hosted by the
The new joint-venture company, Heber Bioven Sdn Bhd, will be 70%
Bioven and 30% by Heber Biotech, the marketing arm of the Centre
Engineering and Biotechnology of Cuba (CIGB).
Muhkriz said the joint-venture partners would concentrate on the
of Heberâ€™s biotech products, currently marketed in Cuba and
Malaysia as well
as Asean and selected Asian countries, as its initial programme.
Some of the products that the joint-venture company plans to
In the second phase, Heber Bioven would facilitate joint research
development (R&D) projects between Cuba and Malaysia and local
â€śWe are talking to the Universiti Malaya Medical Centre and we
are hoping to
bring the two parties together by the middle of next year,â€™â€™
â€śSome of the R&D projects will focus on diseases such as dengue
meningitis,â€™â€™ he added.
Heber Biotech will manufacture biotechnology products locally in
phase of the joint venture.
â€śIt could take one to two years before we can get anything off
He added that Bioven was in the process of submitting five
to the authorities for approval.
â€śOf the five, three are by CIGB and the other two from other
producers,â€ť he said.