Does the current climax of economy spells nothing but downhill for Biomedical Science (BMS) industry?
Hopes can be set high with key announcements made by leading pharmaceutical companies in Feburary 2009:

Abbott opened its largest nutrition manufacturing facility and announced its extension into nutrition R&D in Singapore;
Schering-Plough opened its Translation Medicine Research Centre;
Lilly announced its collaboration [...]

In 2009, we will see the opening of Schering-Plough Translational Medicine Research Centre (TMRC) in Singapore. The TMRC is a branch of the Schering-Plough Research Institute (SPRI) and it will consist of 2 planned components:

Translational Research Lab (TRL) – scheduled to open in February, 2009

Translational Medicine Unit (TMU) – will run about 20-30 clinical [...]