AstraZeneca said on Monday morning it is building a new antibody-drug conjugate facility in Singapore worth $1.5 billion.
The UK pharma said this will be its first facility that will make every step of the ADC manufacturing process at a commercial scale. Construction will begin by the end of the year and is estimated to be operational in 2029.
“Singapore is one of the world’s most attractive countries for investment given its reputation for excellence in complex manufacturing,” CEO Pascal Soriot said in a press release. The facility would be designed to house the production of antibodies, chemotherapy and a linker that would meld these two components together.
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