Amgen (IW 1000/286) announced last week plans to build a new manufacturing facility in the Tuas Biomedical Park area of Singapore.
Over the next several years, Amgen anticipates investing approximately $200 million to build an innovative new facility, which will initially focus on expanding Amgen's manufacturing capability for monoclonal antibodies. The facility will be capable of manufacturing both clinical and commercial products.
"Amgen is pleased to be planning for a new world-class facility in Singapore as part of our global expansion strategy. Singapore is an ideal location to further our manufacturing efforts based on its rich talent pool and friendly business environment," said Madhu Balachandran, executive vice president of Operations at Amgen.
Construction is expected to begin in the next few months.