AstraZeneca to Invest $1.5B in Singapore for Revolutionary Cancer Drug Manufacturing Facility
May 21, 2024![AstraZeneca to Invest $1.5B in Singapore for Revolutionary Cancer Drug Manufacturing Facility](https://cdn.brief.news/images/stories/4f0a2b7b3b4d083195502f76f1ae46da3254ef361b3f46abd2501814a1acc284ce0e1d6d1fd3c318f2b075cc71c0a35d5a78a0a1966254cb2a48797f43bd90ac.png)
AstraZeneca plc is investing $1.5 billion to build a new Antibody-Drug Conjugates (ADCs) manufacturing facility in Singapore by 2029.
This will be AstraZeneca's first facility to manage the entire manufacturing process for ADCs, which target and kill cancer cells.
The investment supports AstraZeneca's strategy to strengthen its global supply chain, following recent expansions in various markets.
The Singaporean government's economic development board is backing the project, indicating strong local support.
CEO Pascal Soriot highlights the potential of ADCs to transform cancer treatment, possibly replacing traditional chemotherapy.
Summary based on 40 sources
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![AstraZeneca to Build $1.5 Billion Drugs Factory in Singapore](https://cdn.brief.news/images/links/3b7effd628119cd3ed2fffcb451ab0fba7529f375bb4a85f9ea8ad0e3a12b7756ced7773699ad4daa306392a2386cc8dbd3d7624461f80174604c723a9886352.png)
Time • May 20, 2024
AstraZeneca to Build $1.5 Billion Drugs Factory in Singapore![AstraZeneca to build $1.5 billion cancer drug manufacturing plant in Singapore](https://cdn.brief.news/images/links/34da7b0005d363c043aa38de673325eeb973cb814c42091eefbe3a179dfbe7d6de70a80d2c14d093b766006f93dfe0b44ef5b834666ffc3e97e5722034a8a6e0.jpg)
Yahoo News • May 20, 2024
AstraZeneca to build $1.5 billion cancer drug manufacturing plant in Singapore![AstraZeneca to build $1.5bn ADCs facility in Singapore](https://cdn.brief.news/images/links/4f0a2b7b3b4d083195502f76f1ae46da3254ef361b3f46abd2501814a1acc284ce0e1d6d1fd3c318f2b075cc71c0a35d5a78a0a1966254cb2a48797f43bd90ac.png)
Yahoo Finance • May 20, 2024
AstraZeneca to build $1.5bn ADCs facility in Singapore![AstraZeneca to reduce its reliance on China, build Singapore cancer drug plant](https://cdn.brief.news/images/links/18ca5959af33e8fe98665b22624dbd3621c1e3355b956c4835a4354de2ee2587d460433933f615bb156ebbd557aed1d2cb38f4dfc33e65a44e765ccd5191a672.png)
South China Morning Post • May 20, 2024
AstraZeneca to reduce its reliance on China, build Singapore cancer drug plant