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I was first introduced to the concept of supporting domestic biotechnology for societal gain at a biotechnology conference in a small south-Asian country where a government official was explaining how their budget only permitted the import of a limited quantity of vaccine, produced elsewhere by higher-wage workers. Domestic production promised lower prices (and therefore the ability to purchase a greater quantity of vaccine and protect the health of more citizens) while employing domestic workers and promising knowledge and economic spillovers.
Global financial crisis indeed impacts several sectors of industry. Include Biotechnology. Yali Friedman writes on his Journal about that. The biotechnology industry has always faced dynamic challenges, uh?
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