The US biotech company Thermo Fisher has halted sales of its DNA identification kits in Tibet, nearly five years after it made a similar commitment about the sale of its products in the neighbouring western Chinese region of Xinjiang. It decided to stop sales in Tibet after months of complaints from rights groups and investors that the technology may be used in a way that abuses human rights. The company said that the decision was made in the middle of 2023, but it was only revealed to investors late last…
Tag: Biotechnology industry
UK and Europe are falling behind US and China in biotech, says AstraZeneca boss
The boss of Britain’s biggest drugmaker has said that the UK and the rest of Europe are falling behind China and the US in the creation of biotech firms and clinical trials of new medicines. Pascal Soriot, chief executive of AstraZeneca, said that while China had seen an “explosion of biotech companies”, and a “rapid expansion of clinical trials” that puts it ahead of the US, the UK and EU had posted declines. Although the UK is great for science research at universities and in commercial laboratories, he argued that…