26 Mar '18, 12am

Singapore pharma on recovery path after worst output in decades

SINGAPORE (Reuters) - Singapore’s pharmaceuticals business, among the pillars of the city-state’s manufacturing sector, is set to return to strength this year as big global drugmakers ramp up output and advance automation at their production sites across the country. The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore, March 21, 2018. Picture taken March 21, 2018. REUTERS/Loriene Perera A recovery from dismal 2017, which marked the sector’s worst contraction in two decades, would underpin Singapore’s economic growth. Pharmaceuticals is the No.2 contributor to the country’s manufacturing output and accounts for 3 percent of its GDP. The sector will see a “robust” 2018, Singapore’s Economic Development Board (EDB) told Reuters. “The opening of new sites like AbbVie’s biologics manufacturing facility and the ramp up of others including Amgen and Novar...

Full article: https://www.reuters.com/article/us-singapore-pharmaceutic...

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