Singapore (PRWEB) February 08, 2013
Swiss pharmaceutical firm Novartis has yesterday broken ground for a US$500 million state-of-the-art plant in Tuas, Singapore. The plant, that is set to run end of 2016, will produce substances for drugs relating to cancer, respiratory problems and autoimmune diseases. In addition, the company is looking to hire 250 new personnel for this plant.
This announcement comes close on the heels on Amgen’s announcement last month, which revealed that it will build a US$200 million biologics plant in Singapore. Singapore company registration specialist Rikvin is optimistic that the biologics sector is set to hire more people as more firms sink deeper roots in Singapore to tap its pool of biotech talent.
Already, the Singapore Economic Development Board (EDB) has pledged to prepare Singaporeans to plug the demand for 500 - 700 skilled workers in the sector within the next three years. It has also affirmed that it will work with biologics firms to ensure that their manpower needs are met.
Manufacturing in the biologics sector differs from other pharmaceutical sectors as drugs and
compounds are derived from living cells instead of chemicals. To date, the biologics sector has hired only 1,700 people. According to data from EDB however, Singapore has made significant inroads in biologics manufacturing due to investments from big Pharma players such as GlaxoSmithKline, Roche, Baxter and Lonza - all amounting to approximately US$2 billion in capital expenditure.
Analysis shows that on a macroscopic level, steps have already been taken to groom industry-ready talent. For example, via the Development and Apprenticeship (DNA) programme, jointly developed with the Workforce Development Agency (WDA), the EDB has facilitated 270 degree-, masters-le
Copyright©2012 Vocus, Inc.
All rights reserved