AstraZeneca's $1.5 Billion Investment in Singapore: Advancing Cancer Treatment
AstraZeneca, a leading pharmaceutical company, announced plans to construct a state-of-the-art manufacturing facility in Singapore with a focus on producing antibody-drug conjugates (ADCs), a promising class of cancer-fighting medications.
The new facility marks AstraZeneca’s significant investment in Singapore’s pharmaceutical landscape, supported by the Singapore Economic Development Board. This move aligns with AstraZeneca’s strategy of expanding its global supply chain and tapping into Singapore’s reputation for excellence in complex manufacturing.
Antibody-drug conjugates (ADCs) are engineered antibodies designed to target and destroy tumor cells by delivering cell-killing chemicals directly to the site. AstraZeneca’s investment underscores its commitment to developing innovative cancer treatments and addressing unmet medical needs.
The facility will be AstraZeneca’s first end-to-end ADC production site, handling all stages of ADC production, from antibody generation to final product filling. With construction set to begin by the end of 2024 and operations expected to commence in 2029, the facility will play a crucial role in AstraZeneca’s global manufacturing network.
AstraZeneca aims to ensure environmental sustainability by committing to zero carbon emissions from the facility’s first day of operations. This initiative reflects the company’s dedication to responsible manufacturing practices and its contribution to a greener future.
The Economic Development Board of Singapore welcomed AstraZeneca’s investment as it aligns with the country’s goal of becoming a hub for precision medicine manufacturing. The project is expected to create job opportunities and stimulate economic growth in Singapore’s healthcare and pharmaceutical sectors.
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