Novartis opens new pharmaceutical plant and intends to build biotech facility in Singapore
Novartis also expects to invest USD 700 million to build large-scale biotechnology facility in Singapore to support the company's growing pipeline of biopharmaceuticals
In addition, Novartis unveiled its plan to build a large-scale biotechnology plant in Singapore to support the rapid growth of its biologics sector, which now accounts for 25 percent of the Novartis product pipeline. Novartis expects to invest approximately USD 700 million - its largest investment to date in manufacturing capacity - in the new, state-of-the-art cell-culture facility.
The biotech plant will employ more than 300 people when fully operational. Construction is expected to start in early 2008. Subject to regulatory approvals, the plant will be operational by the end of 2012.
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Topic world biopharmaceutical manufacturing
Biopharmaceutical production plays a crucial role in the development and manufacture of biologics, which are essential for the treatment of various serious diseases. Various key technologies and processes of the modern biopharmaceutical industry are used, such as cell cultures, fermentation processes and the purification of biological substances, which are necessary for the production of vaccines, monoclonal antibodies and other biological drugs.
Topic world biopharmaceutical manufacturing
Biopharmaceutical production plays a crucial role in the development and manufacture of biologics, which are essential for the treatment of various serious diseases. Various key technologies and processes of the modern biopharmaceutical industry are used, such as cell cultures, fermentation processes and the purification of biological substances, which are necessary for the production of vaccines, monoclonal antibodies and other biological drugs.