Bioscience industry leaders from across Asia Pacific gathered for a glittering ceremony in Singapore held to mark the 4^th BioSpectrum Asia Pacific Bioscience Industry Awards Night on March 16, 2012.

Dr Benjamin Seet, executive director, Biomedical Research Council, Agency for Science Technology and Research (A*STAR), Singapore, was the guest of honor. The winners under the different categories of BioSpectrum Asia Pacific Bioscience Industry Awards were applauded by around hundred delegates.

Mr Abraham Mathew, group editor, BioSpectrum, set the tone for the evening by highlighting the fact that the world has realized that the next generation medical products will need Asian inputs to become successful. So, they are flocking to set up their research facilities, do a large part of their drug discovery work and conduct clinical trials in a big way to speed up the drug development process, he pointed out.

"BioSpectrum Awards is an extension to observe and highlight the winners in the long battle to tackle the world's emerging health problems and find solutions. Through these awards, BioSpectrum is playing the role of picking tomorrow's winners, nudging today's entrepreneurs to achieve greater glory and honoring yesterday's key players who laid the foundation for success," Mr Mathew noted.

Dr Seet appreciated the Asian companies for their commendable performance and achievements and noted that Asia is hub for potential growth and innovation. Addressing the audience, he remarked that the way Singapore has developed itself into a highly advanced biotech hub, Asian companies can take advantage and grow and thrive in the forthcoming opportunities. "What Asian companies have to consider is to maintain consistency in their growth besides the challenges posed by western economy," he said.