Pharmaceutical giant AstraZeneca has announced plans to invest $1.5bn in a new antibody-drug conjugates (ADCs) manufacturing facility in Singapore.

The new facility will be the company’s first to cover the full manufacturing process for ADCs, which are a type of highly effective and targeted cancer treatment. In this way, it will support AstraZeneca’s production of ADCs, of which it already has a broad portfolio.

The project is being supported by the Singapore Economic Development Board (EDB), with construction scheduled to start by the end of 2024. The plant is expected to be operational by 2029.

Pascal Soriot, chief executive officer of AstraZeneca, said: “AstraZeneca has built an industry-leading portfolio of cancer medicines including antibody-drug conjugates, which have shown enormous potential to replace traditional chemotherapy for patients across many settings. Singapore is one of the world’s most attractive countries for investment given its reputation for excellence in complex manufacturing, and I am excited for AstraZeneca to locate our $1.5bn ADC manufacturing facility in the country.”

Png Cheong Boon, chairman of the EDB, added: “We welcome AstraZeneca’s decision to establish a manufacturing presence in Singapore for the first time. It will also be a first for AstraZeneca – an end-to-end manufacturing facility for novel antibody-drug conjugates that enables precision therapy for cancer.”

“This greenfield investment is a strong show of confidence in Singapore’s biopharmaceutical manufacturing capabilities and talent, strengthens our ecosystem in supporting the development and manufacturing of precision medicines, and creates meaningful jobs and economic opportunities for Singapore. We look forward to a successful partnership with AstraZeneca.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Earlier this year, AstraZeneca announced a $300m investment in a facility for cell therapy platforms in Rockville, Maryland, US.

Headquartered in Cambridge, England, the company has operations in Europe, the Americas, Asia, Africa and Australasia, with around 89,000 global employees.