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Singapore Reinforces Position as a Global Site for Pharma & Biotech; Biomedical Manufacturing Output Quadruples to Reach US$17 Billion
Date:6/18/2008

Sophisticated Infrastructure and Skilled Manpower Support Cutting-Edge

Manufacturing Activities

SAN DIEGO, June 18 /Xinhua-PRNewswire/ -- Singapore has firmly established itself as a leading manufacturing hub in Asia with its strong track record, sophisticated infrastructure, superior IP protection and reliability. Its biomedical sciences manufacturing output expanded four-fold from US$4.4 billion in 2000 to US$17 billion in 2007 at a compounded annual growth rate of 21%, far surpassing the industry's global growth rate.

Singapore is now host to 11 (Note 1) global pharmaceutical and biotechnology companies, who have invested more than 25 commercial- manufacturing facilities here. These facilities are validated by regulatory authorities from US and Europe, and produce innovative medicines for the global market.

The Singapore manufacturing facilities of Merck, Pfizer and Schering- Plough successfully completed validations from the Food and Drug Administration and the European Medicines Agency with zero observations. This is a strong testament to the operational excellence and high quality workforce available in Singapore to support high value pharmaceutical and biologics manufacturing activities.

Mr. Russell Watson, Managing Director, Merck Sharp & Dohme (Singapore) Ltd, said: "The fundamentals of stewardship and compliance in Singapore are world class. Our facility in Singapore has successfully undergone audits from all major regulatory bodies with many internal and external accolades for operational excellence and innovation. These achievements would not have been possible without our highly competent employees who are constantly working together to improve the manufacturing processes."

Mr. Yeoh Keat Chuan, Executive Director, Biomedical Sciences Group, Singapore Economic Development Board (EDB) said: "There are now more than 45 pharmaceutical, biotechnology and medical devices manufacturing plants
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SOURCE EDB Singapore and Agency for Science, Technology andResearch
Copyright©2008 PR Newswire.
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