On the first day of Prime Minister Ch.Saikhanbileg’s visit to Washington he met representatives of Stanford University headed by Medicine School professor Jeffrey Glenn.

During the meeting, the two sides exchanged their opinions about cooperation in establishing bio-technology and bio-pharmaceutical industries in Mongolia. Currently, Mongolia is encountering high rates of the Hepatitis C virus. The doctors at Stanford have suggested that it is possible to outsource the production of anti-Hepatitis C virus medicine in developing countries, such as Mongolia, and then to supply it to developed countries. Under such a model, the initial finance of USD 20-40 million would be incurred by both sides.

Prime Minister Ch.Saikhanbileg said – Mongolia’s mining-based economy is also able to support other sectors. In particular, we are ready to seriously study your proposal regarding biotechnology.