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Minister of Economic Affairs: Large Gap Between Output and Market Cap; Biotech Must Scale OperationsDec 18, 2025

Minister of Economic Affairs Kung Ming-hsin pointed out a significant discrepancy in the biotech sector: while the total market capitalization of listed biotech stocks reached NT$1.6 trillion, the actual annual revenue was only NT$775.4 billion last year. He urged companies to increase physical output and revenue to ensure a healthier industrial structure.

The Ministry of Economic Affairs (MOEA) Three-Pronged Strategy:

  1. Pharmaceutical Support: Promoting local manufacturing of new drugs to create value and attract talent, utilizing government subsidies, and upgrading the generic drug industry through advanced manufacturing processes.
  2. Smart Medical Devices: Implementing a "Software-driven Hardware" strategy, prioritizing Hospital-at-Home applications and integrating AI into traditional medical device manufacturing.
  3. Global Integration: Strengthening CDMO (Contract Development and Manufacturing Organization) capabilities and supply chain resilience to play a more vital role in the regionalized global economy.

Resource: 經長:產值與市值落差大 生技業應積極擴大營運規模