DuBiotech expects to host 20 new firms in 2010

Dr. Marco Baccanti, executive director of Dubai Biotechnology and Research Park (DuBiotech), has said that three pharmaceutical firms in the US and the Middle East have submitted serious requests to set up their manufacturing facilities in the UAE, Khaleej Times has reported. Agreements with these companies will be finalised in Q1 and Q2 2010, Baccanti told the newspaper. DuBiotech, which currently hosts 65 major pharmaceutical firms including Pfizer, Genzyme, Merck-Serono and Amgen, expects 20 more companies to launch their operations this year.