AstraZeneca to Build $1.5 Billion Drugs Factory in Singapore

AstraZeneca to Build $1.5 Billion Drugs Factory in Singapore

Daily Current Affairs   /   AstraZeneca to Build $1.5 Billion Drugs Factory in Singapore

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Category : Miscellaneous Published on: May 21 2024

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  • AstraZeneca will invest $1.5 billion to establish its first end-to-end antibody-drug conjugate (ADC) production facility in Singapore, with support from the Singapore Economic Development Board. 
  • The plant will focus on manufacturing advanced cancer treatments and is expected to be operational by 2029.
  • The new facility will achieve zero carbon emissions from its first day of operation, highlighting AstraZeneca's commitment to sustainability. The CEO of AstraZeneca is Pascal Soriot.
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