Intending to bolster its growing precision oncology portfolio, AstraZeneca announced Monday plans to construct a new $1.5 billion production facility in Singapore for antibody-drug conjugates (ADCs).
Backed by the Singapore Economic Development Board, the new site will not only be AstraZeneca’s first manufacturing facility on the island nation, but also its first end-to-end ADC production unit. “Singapore is one of the world’s most attractive countries for investment given its reputation for excellence in complex manufacturing,” remarked AstraZeneca CEO Pascal Soriot.
The facility’s design and construction are slated to begin by the end of the year, with operational readiness expected by 2029. The company also noted that the site will incorporate sustainability and will have zero carbon emissions from day one of operations.