AstraZeneca Announces $1.5 Billion Cancer Drug Manufacturing Plant in Singapore

By Thea Felicity

May 20, 2024 11:08 AM EDT

Keir Starmer and Peter Kyle Visit The AstraZeneca Laboratory In Macclesfield
MACCLESFIELD, UNITED KINGDOM - SEPTEMBER 7: (l-R) Vice President and General Manager, UK Operations - AstraZeneca Fredrik Asell, Labour Party leader Sir Keir Starmer, Shadow Secretary of State for Science, Innovation and Technology Peter Kyle and UK Country President - AstraZeneca Tom Keith Roach during a visit to the AstraZeneca site in Macclefield looking at the development of the life-changing technology of the furture on September 7, 2023 in Macclesfield, England. Their visit comes as Britain anticipates rejoining the European Union's flagship science research program, Horizon Europe after membership was suspended after Brexit. Labour say that should they form the next government they pledge to support UK scientists.
(Photo : Jason Roberts/Getty Images)

AstraZeneca has announced its plans to construct a $1.5 billion manufacturing facility in Singapore, according to Channel News Asia. This new project is aimed at producing antibody-drug conjugates (ADCs) and targeted cancer therapies. 

The Singapore Economic Development Board (EDB) will support this facility, which is slated to be the company's first end-to-end ADC production site. 

CEO Pascal Soriot expressed enthusiasm for this investment, citing Singapore's reputation for excellence in advanced health facility manufacturing. 

On AstraZeneca's side, the expansion into Singapore aligns with its massive strategy of diversifying its supply chain, which has included previous expansions into markets like China, Indonesia, and India. 

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New AstraZeneca Facility in Singapore

Notably, ADCs, engineered antibodies that target and kill tumor cells, are at the forefront of cancer treatment innovation. 

The facility's construction, scheduled to commence by the end of 2024, signifies AstraZeneca's commitment to Singapore's biomedical sciences industry, a crucial contributor to the nation's economy. 

With operations projected to begin in 2029, the facility aims to achieve zero carbon emissions from its inception, marking a significant step towards sustainable pharmaceutical manufacturing.

Besides Singapore, AstraZeneca is also looking to expand in France with a nearly $1 billion investment together with Pfizer, per VCPost.

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