BIOTECHNOLOGY

Amgen plans $200 million facility in Singapore

BLOOMBERG FILE PHOTO
AMGEN INC. plans to invest $200 million on a new manufacturing facility in Tuas Biomedical Park in Singapore.
Posted 1/17/13

THOUSAND OAKS, Calif. – Amgen Inc., one of the world’s largest biotechnology companies, plans to invest $200 million on a new manufacturing facility in Singapore.

The investment, spent over the next several years, will be used to fund the construction of a “world-class” manufacturing facility in Tuas Biomedical Park (TBP), reported the company, which also has a production facility in West Greenwich.

A strategic move globally, Amgen’s foreign investment places it in a position to recruit from a local pool of industry talent from nearby colleges and universities for facility positions.

“Singapore is an ideal location to further our manufacturing efforts based on its rich talent pool and friendly business environment,” Madhu Balachandran, executive vice president of operations, said in prepared remarks.

Set to begin construction within a few months, the facility’s primary function will be to expand the manufacture of monoclonal antibodies, which includes Amgen’s osteoporosis treatment Prolia, or denosumab.

TBP is Singapore’s commercial hub for biomedical giants, including GlaxoSmithKline, Lonza, Merck, Novartis, Pfizer and Roche.

Calendar
PBN Hosted
Events

Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement