The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country's biotech sector.
"These new and exciting projects reflect investors' continued interest in Thailand biotech capability," Ms. Duangjai Asawachintachit, Secretary General of the BOI. "Adding to our strong agricultural base and biodiversity, Thailand has now also a very strong pool of researchers that allow us to move into advanced technology."
Thai Kyowa Biotechnologies Co., Ltd., a producer of amino acids for pharmaceuticals affiliated to Japan's Kirin Holdings, received approval for an advanced biotech project to produce Human Milk Oligosaccharide (HMO), a prebiotic and key ingredient in milk powder for infants and adults, helping to build immunity. The fully Japanese-owned company, located in Thailand's eastern province of Rayong, expects HMO production to start in 2022, mainly for exports.
Genepeutic Bio Co., Ltd., a company established by doctors from the Ramathibodi hospital in Bangkok, and local investors, received approval for a project to develop and produce an innovative treatment for patients with Acute Lymphoblastic Leukemia (ALL). The company, based in the Thailand Science Park, close to the country's capital, was setup to develop CAR T Cell advanced therapy medicinal products (ATMP).
Fruita Biomed Co., Ltd., a company related to Thailand's Fruita Natural Co., Ltd., a food and beverage producer and exporter, received approval for a project to produce PHA (Polyhydroxyalkanoate) bioplastic and PHA bioplastic compound developed from organic waste. The company will use the PHA bioplastic to make a wide range of packaging products for food and medical supply as well.
Baiya Phytopharm, Co, Ltd., a Thai startup linked to the CU Innovation Hub, the incubator setup by Bangkok's well known Chulalongkorn University, received approval for a project to develop and produce biopharmaceuticals, including plant-based vaccines and therapeutic proteins, using molecular pharming technology.
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
Central Chidlom, The Store of Bangkok Unveils Thailand's First Immersive WICKED Experience
depa Announces Record-Breaking Success of gamescom asia x Thailand Game Show 2025, Generating Over THB 1.2 Billion in Economic Value
Chula's Deep GI: AI Revolutionizes Gastrointestinal Cancers Detection
Chula's President Elected Chair of ASEM LLL Hub, Strengthening Asia-Europe Lifelong Learning
Delta Electronics Enables AI-Ready Future in the Philippines at IIEE Annual National Convention and 3E XPO 2025
Thailand's Largest Seaside Running Festival by "Central Pattaya" Returns on 1 November 2025
RX Tradex Opens the Gateway to the World of Technology and Artificial IntelligenceEmpowering Industrialists Across Every Production Line at "Manufacturing Expo 2025"
Northern Thai Capital, Chiang Mai ShinesSelected Host City of 6 International Conferences in 2025