The annual biotechnology trade show, "BioAsia 2010," the global bio-business forum started on February 3, 2010 in Hyderabad.

The four-day 'BioAsia-2010' was inaugurated with the State Chief Minister Dr K Rosaiah announcing that leading companies proposed to invest $210 million to create infrastructure of plug-and-play lab space in the third phase of Biotech Park in the State.

The Chief Minister also unveiled a plaque to inaugurate Alexandria Center for Science and Innovation in Genome Valley, where the company will invest $108 million in the biotech cluster.

Jointly organized by the Federation of Asian Biotech Associations (FABA), State Government of Andhra Pradesh, University of Hyderabad, and All India Biotech Association (AIBA), the event has the participation of over 2,000 delegates this year.

The event comprises 4 tracks and 24 technical sessions covering the areas of Medical Biotechnology, Biopharmaceuticals, Agribiotechnology and Animal Biotechnology. Apart from the conference sessions, the event is expected to have over 500 B2B meetings this year. The other highlight of this year’s edition are Indo- European networking meetings, whitepapers on Public Private Partnerships in biotechnology and funding options for drug discovery.

BioAsia, which helped, bring in more than $420 million investments in its last edition from companies like Lonza and Alexandria is looking to attract even more investments this year. The event this year aims to bring together US and European drug development companies with Asian biotech and pharmaceutical companies interested in research collaborations and licensing agreements.