BioSpectrum Asia Top 20 Survey | Life Science Industry in Singapore

1. Singapore
Top 20 APAC
Country Analysis

2. After a stupendous FY-2013-14,
Singapore’s bioscience industry slows
down.
The life science market currently
stands at $648.8 million

3. Key Life Science Collaborations
Singapore collaborated with
Korea to train and develop
skilled talent in innovative
medical technologies
Medical technology giants in
Singapore including Johnson &
Johnson, Medtronics, GE Healthcare
and BD joined hands to form a
medical technology industry
platform to foster growth,
innovation and policy development
in Medtech sector across Asia
Singapore and GE Healthcare
sealed a five-year technology
research and development
collaboration agreement
with an investment of $20
million to co-develop the
next generation of medical
technologies

4. Singapore witnessed growth in medical technology manufacturing
by 12.2 percent in the first month of 2015
Singapore already witnessed growth in
Medical Technology Manufacturing
by 12.2 % in the first month of 2015

5. Developmentsin
R&D
Taiwan based Delta Electronics invested in Singapore to
develop next-generation infectious disease detection kits
in collaboration with A*STAR Top 4 bioscience companies
Japan-based drug giant, Chugai pharmaceuticals to invest
nearly $490 million in its research and development centre in
Singapore
Troubled British drug maker GlaxoSmithKline plans
to establish new headquarters in Singapore to
manage its Asia operations
Singapore launched Diagnostics Development hub
to develop local diagnostic products with
investment in clinicians, researchers, innovators
and entrepreneurs

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