Fujifilm chasing Samsung, WuXi with big biopharma plans

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TOKYO – Japan’s Fujifilm has announced plans to invest approximately 200 billion yen (US$1.45 billion) to expand its biopharmaceutical production capacity by 3.7 times over the next five years.

Management expects this to support a 3.3 times increase in annual Bio-CDMO revenue to 500 billion yen ($3.7 billion) by the end of the decade. Bio-CDMO is short for Biologics Contract Development and Manufacturing Organization – an organization that serves pharmaceutical companies that cannot afford to or prefer not to invest in their own production facilities.

Fujifilm is the third East Asian CDMO to announce a major expansion plan, the others being China’s WuXi Biologics and South Korea’s Samsung Biologics. By the end of the decade, these and other East Asian companies are likely to have a defining presence in the industry.

The 200 billion yen will be spent on a new building, bioreactors, purification facilities and other equipment at the company’s manufacturing complex in Denmark, making it the largest end-to-end CDMO facility in Europe.

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US-China audit agreement not yet a done deal

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China and the United States have signed an agreement to solve the accounting disputes of US-listed Chinese firms but both sides have different understandings of the approach of cooperation. The United States’ Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission (CSRC) and China’s Ministry of Finance last Friday signed a statement of […]

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China won’t Laos become a Belt and Road debt trap

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A promotional poster for the 414-kilometer Laos-China railway project that promises to transform Laos from landlocked to land-linked. Photo: Facebook

Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]

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US Fed’s wrecking ball slams Asian markets

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SEOUL – The storm took the weekend to combination the Pacific, but it made landfall however: On Monday (August 29), Asian markets had been hit by the exact same tempest that pummeled US markets late Friday. On that day, US Federal Reserve Chairman Jerome Powell had moved the tectonic dishes in a highly-anticipated talk to central lenders […]

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Vietnam’s multi-pronged battle against climate change

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The particular outlook for Vietnam’s drive toward climate-change adaptation initiatives are now being tested in Hanoi, as the government mulls over plans in order to rebalance the energy blend between renewables plus coal-fired electricity plant life. Despite the emerging part of civil society, disagreements on the 10-year Power Development Strategy drafts are impeding clean-energy development plus calling into query the […]

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Thailand grapples with allowing more Chinese landowners

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Thailand has been a popular expatriate destination for investment and retirement for decades, yet foreign land possession has long been restricted. Foreigners can own a maximum of 49% of any kind of condominium development and so are restricted from owning most freehold properties. Yet Thailand will be keen to attract wealthy international investors — particularly these from China. Thailand’s […]

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With us or against us amid a Taiwan war

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Almost a month since ALL OF US House Speaker Nancy Pelosi’s visit to Taiwan and China’s ballistic response, neighboring Southeast Asia is bracing, calculating and hedging for a potential superpower conflict in its all of a sudden destabilized backyard. Views in the region appear to be split up into three distinct camps. First are the optimists who are downplaying the warning […]

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Taliban have robbed Afghan women, girls of their future

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HONOLULU – The advent of Taliban rule in Afghanistan a year ago this month, after two decades beneath the more liberal, worldwide supported Afghan National Government, threw the Afghan populace backward through a time warp. The return to Taliban oppression has been the majority of traumatic for women plus girls, who abruptly find themselves in the comparative […]

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Food insecurity heats up with rising temperatures

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To understand the globalized nature of our meals system, look no further than your morning cup of coffee. That jolt of caffeine comes to your table via an elaborate network of some 25 mil coffee farmers from Brazil to Vietnam linked to the world by a far-flung supply string of traders, roasters, financiers, shippers, grocery store […]

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World must not wash its hands of Afghanistan

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HONOLULU – Per year after the fall associated with Kabul and the end of the US army mission in Afghanistan, the country remains a location of misery. No foreign government offers recognized the Taliban as the legitimate authorities, and much of the contemporary economy has flattened. The new rulers have never kept earlier claims, including high-school-level […]

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