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QUEENSLAND BIOTECH INDUSTRY SET TO GROW: PREMIER.

AsiaPulse News

| February 02, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BRISBANE, Feb 2 Asia Pulse - Queensland's biotechnology industry was going through a boom growth period, Premier Peter Beattie said Sunday.

Mr Beattie said a Queensland Biotechnology Report compiled by Ernst&Young and commissioned by the government had forecast a rise in spending on research and development by 2005 with a corresponding increase in revenues.

He said the private and public biotech companies surveyed for the report had said they expected a 78 per cent increase in employment between 2003-2005.

"This report is yet a further sign ...

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