Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Sponsored Links
Novartis to invest $500 million in new Singapore site
A man walks past the logo of Swiss drugmaker Novartis AG in front of a plant in Basel October 25, 2011.
Credit: Reuters/Arnd Wiegmann
ZURICH |
ZURICH (Reuters) - Swiss drugmaker Novartis said on Wednesday it would spend more than $500 million on a new biotechnology production site in Singapore to support its growing pipeline of biologics.
The Basel-based company said construction of the new site would begin in early 2013 and the facility is expected to be fully operational by the end of 2016.
Novartis said the site will focus on drug substance manufacturing based on cell culture technology.
(Reporting by Caroline Copley)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters