Siam Bioscience

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Siam Bioscience
Native name
สยามไบโอไซเอนซ์
TypePrivate
Industry
Founded17 August 2009
FounderBhumibol Adulyadej
Key people
  • (CEO)
  • (Managing director)
Revenue
  • Increase THB302 million (2020)
  • THB158 million (2019)
OwnerVajiralongkorn
Number of employees
125 (2012)
SubsidiariesInno Biocosmed
Websitesiambioscience.com

Siam Bioscience Company, Ltd. (Thai: สยามไบโอไซเอนซ์) is a Thai drug manufacturer,[1] owned by King Maha Vajiralongkorn.[2]

In 2009, the project started with a partnership between , subsidiary of Crown Property Bureau in the reign of King Bhumibol Adulyadej, and a medical human resource and pharmaceutical technology supporter's Mahidol University.[3] Investing around 2,000 million baht, the project proposes were bio-pharmaceutical product research and producing Thai drugs to reduce the dependence on imported drugs.

The first chair of the board and the key man driving the project was , one of Siam Cement Group's directors.[4] , former managing director of SCG Chemical, and , have been CEO and managing director from the beginning.[5]

In 2012, Thailand Board of Investment subsidized Siam Bioscience for 427.50 million baht.[6]

Business partnership[]

Cuba's Cimab[]

In 2017, the company was in 70/30 joint venture with Cuba's Abinis (Cimab) from Center of Molecular Immunology to produce and export licensed drugs. Abinis received special tax privileges such as a ten-year tax reduction with help from Thailand Board of Investment.[7] The plant construction started in 2011 and completed in 2013, it is able to produce biopharmaceutical for anaemia treating and reducing side effects of chemo.[8]

Controversy[]

Lèse-majesté suit[]

In January 2021, Thanathorn Juangroongruangkit was charged with lèse-majesté, a strict defamation law, after criticizing Prayut Chan-o-cha government mismanagement of COVID-19 vaccination by relying too much on AstraZeneca vaccine which Siam Bioscience, owned by the King, supplies most amount even with a lack of vaccine experience. The Police charged him for publishing Jan 18 Facebook Live stream.[9] Later, Puttipong Punnakanta filed the charge through and the court ordered taking the video down.[10][11]

Later in August 2021, Thanathorn faced two more lèse-majesté charges for the same act.[12]

Subsidy[]

Aside from BOI subsidy earlier in 2012, in October 2020, Prayut Chan-o-cha led's government allocated 600 million baht budget to Siam Bioscience through the to develop capacity to produce AstraZeneca vaccine.[13] Thanathorn Juangroongruangkit criticized a transparency in the subsidy for for-profit company.

References[]

  1. ^ "Thai king-owned biotech starts production of AstraZeneca vaccine". Nikkei Asia. Retrieved 28 September 2021.
  2. ^ Department of Business Development (21 January 2021). "สำเนาบัญชีรายชื���อผู้ถือหุ้น" [Copy of shareholder list]. แบบ บอจ.5 (in Thai). Ministry of Commerce: 1. 10031230001377. Retrieved 28 September 2021.
  3. ^ "เสนาะ อูนากูล เล่าเรื่อง 'ยุคทอง' ของเทคโนแครต". TDRI: Thailand Development Research Institute (in Thai). 27 September 2013. Retrieved 28 September 2021.
  4. ^ "แบบแสดงรายการข้อมูลประจําปี สิ้นสุดวันท่ี31ธันวาคม2553" [SCG Annual report 2009] (PDF). 56-1 (in Thai). ปูนซิเมนต์ไทย. Retrieved 28 September 2021.
  5. ^ "เอกสารแนบที่ 1 รายละเอียดเกี่ยวกับกรรมการฯ บริษัทนกแอร์ ปี พ.ศ.2556" [Appendix 1: Detail of Nok Air's board] (PDF) (in Thai). Retrieved 28 September 2021. {{cite journal}}: Cite journal requires |journal= (help)
  6. ^ "ผลการประชุมคณะอนุกรรมการพิจารณาโครงการ ครั้งที่ 27/2555 วันอังคารที่ 18 กันยายน 2555 โครงการที่ได้รับการส่งเสริมการลงทุน จํานวน 9 โครงการ รวมมูลค่าการลงทุน 5,542.00 ��้านบาท" [Result of subsidize projects] (PDF). BOI : The Board of Investment of Thailand (in Thai). Retrieved 28 September 2021.
  7. ^ Janssen, Peter (18 October 2017). "Cuban biotech royally connected in Thailand". Asia Times. Retrieved 28 September 2021.
  8. ^ "Success Stories: Biotechnology" (PDF). Thailand Board of Investment. Retrieved 28 September 2021. {{cite journal}}: Cite journal requires |journal= (help)
  9. ^ "Thai police charge politician for insulting king over vaccine remarks". Reuters. 30 March 2021. Retrieved 28 September 2021.
  10. ^ "Thai government foe ordered to erase vaccine supply criticism". Reuters. 31 January 2021. Retrieved 28 September 2021.
  11. ^ "ศาลสั่งลบโพสต์วัคซีนโควิดของคณะก้าวหน้า เหตุผิดกม.คอมพิวเตอร์". BBC News ไทย (in Thai).
  12. ^ "Thanathorn hit with 2 more lese majeste charges". Bangkok Post. Bangkok Post. Retrieved 28 September 2021.
  13. ^ "PM orders MOPH to ensure COVID-19 vaccine availability". thainews.prd.go.th. 24 October 2020. Retrieved 28 September 2021.
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