$500m; Iran’s share of biotechnology products market

TEHRAN, Apr. 12 (MNA) – The executive secretary of Third Biotechnology Festival has said Iran’s share of global biotechnology market is half a billion dollar.

Sirous Zeinali told the press on Sunday that the biotechnology had wide applications in medicine, agriculture, environment, and industries; “biotechnology means manipulation of genes in a way to generate unique features in the organism; for example, to produce only half a gram of growth hormone, we need to split thousands of brains; however, biotechnology allows production of the same hormone through culturing it in vitro,” he added.

“Indeed, biotechnology has benefited health, food industries, protection of environment, etc., and has been among the first five priorities in the national programs of countries,” Zeinali emphasized.

Member of Pasteur Institute of Iran (IPI) stressed on the attempts waged to improve exports and to meet country’s domestic needs and to boost Iran’s share of biotechnology products global markets; “the target is 3 per cent of global market in 2025; currently, Iran’s share is only half a billion,” he said.

Zeinali also announced holding of Third Biotechnology Festival in Tehran International Permanent Fairground, May 20-23 and 9th National Biotechnology Conference to be held in Shahid Beheshti University International Conference Hall. “The festival is held on behalf of the Biotechnology Development Headquarters and with good offices of the Iran’s Biotechnology Association; organizations, research centers, scientific associations, and charity funds will host the visitors along with manufacturing companies of biotech products to display their latest products and facilities for researchers, students, and other interested parties,” Zeinali detailed.

“Among notable participants in the Festival will be Innovation and Prosperity Fund and Supporting Fund for Researchers, which will provide keynote speakers for the by-event conferences,” said the executive secretary of the Festival. “In Marketing Technics and Commercialization Corridor, specific pavilions will display services and advice on commercialization, entrepreneurship, exports, production, etc.” he added.

The Third Biotechnology Festival will seek the theme of ‘Food Security, Health, Environment, and Sustainable Development’ in this version of the event. \

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