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Biotechnology organization sees IP rights essential
"A patent often brings far greater value than one could ever imagine," said Dr Terence L.T. Lau, chief operating officer and general manager of Hong Kong Biotechnology Organization (HKBIO), which innovates the patented biotech product - H5 series of avian flu.
HKBIO is known as a pioneer of biotechnology research and development. Soon after the company was set up, it collaborated with a major French biotech company to produce a timely innovative biotech product -a test for the H5 avian flu virus. The advanced molecular biotechnology has been modified into medical diagnostics tools and other products for use in food safety and sanitation, and in the detection of veterinary diseases, and often winning International recognition.