, Singapore
374 views

Roche launches US$500 mln manufacturing arm in Singapore

Roche, a Swiss drug-making firm, specializes in research-focused healthcare particularly in the areas of pharmaceuticals and diagnostics. The company opened its first biologics manufacturing site in the Asia Pacific region in Tuas yesterday.

Its two facilities cost Roche US$500 million and will be used to produce drugs Avastin and Lucentis. Avastin is a targeted cancer therapy which treats various tumour types such as colorectal cancer, lung cancer, breast cancer, brain cancer and renal cell carcinoma, while Lucentis is used to treat patients with wet age-related macular degeneration, a leading cause of blindness in people over 55.

On the selection of Singapore, Dr Patrick Y. Yang, Executive Vice President of Genentech Technical Operations, which is a wholly-owned member of Roche Group stated: “As we supply a global market, Singapore offers important advantages to Roche’s manufacturing network, including a skilled labor pool, nearby biotechnology expertise and a supportive business environment.”

Finance Minister Mr Tharman Shanmugaratnam, who was also at the opening ceremony, said: “Singapore is proud to be Roche’s first site for biologics manufacturing in Asia. The site expresses a number of things that are making Singapore's future – cutting-edge manufacturing technologies, the commercialisation of science, a commitment to develop a top-quality workforce and the deepening partnerships that leading global players are forging with Singapore.” He added that Singapore was committed to building its biologics manufacturing sector, with six plants so far set up in the last four years. When these are fully operational, they are expected to create over 1,000 jobs for employees.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

New home sales double as buyers chase value
Analysts said buyers remained selective amid price, interest-rate and employment concerns.
Developers cautious as Marina Gardens Lane draws one bid
Analysts cited CBD sales risks, future housing supply over how quickly the Marina South precinct will mature.
Commercial Property
KoverNow widens insurance cover as collectors turn digital
AXA XL underwrites the new Singapore policies for fine art and high-value collectables.
Insurance
Ransomware hits cyber insurance for 47% of Singapore firms
Semperis finds attacker use of AI was reported by 60% of affected local organisations.
Insurance