AbbVie Plans $320 Million Manufacturing Investment in Singapore
AbbVie Inc.announced it will invest $320 million to establish operations in Singapore for small-molecule and biologics active drug substance manufacturing. The completed facility will provide manufacturing capacity for emerging compounds within AbbVie’s oncology and immunology pipeline to serve markets globally.
The investment will establish the first manufacturing presence in Asia by AbbVie. Other AbbVie operations in Asia include research and development (R&D) functions in Tokyo, Japan, and Shanghai, China, as well as commercial operations throughout the region. AbbVie’s existing presence in Singapore includes 120 personnel, supporting commercial operations, global R&D and general operations.
“As Asia’s fastest-growing bio-cluster, Singapore is an ideal location to expand our manufacturing network while maintaining rigorous standards of quality and delivery for the patients we serve around the world,” said Azita Saleki-Gerhardt, Ph.D., Senior Vice President, Operations, AbbVie. “Our presence in Singapore will help assure geographic balance and continuity of product supply as well as increased capacity to deliver on our growing biologics and small molecule product pipeline.”
The investment is expected to result in additional headcount of more than 250 new employees. AbbVie anticipates the new facility will be fully operational by 2019.
AbbVie’s current manufacturing network includes 12 sites across the United States, Europe and Puerto Rico, as well as strategic partnerships with third-party manufacturers.
Source: AbbVie