AstraZeneca Plans $1.5B Manufacturing Facility For Antibody Drug Conjugates In Singapore, AstraZeneca Expects To Begin Design And Construction By The End Of 2024, With Targeted Operational Readiness From 2029
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AstraZeneca plans to invest $1.5 billion in a new manufacturing facility for antibody drug conjugates in Singapore. The design and construction are expected to begin by the end of 2024, with operational readiness targeted for 2029.
May 20, 2024 | 9:11 am
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AstraZeneca is investing $1.5 billion in a new manufacturing facility for antibody drug conjugates in Singapore, with design and construction starting by the end of 2024 and operational readiness targeted for 2029.
The significant investment in a new manufacturing facility indicates AstraZeneca's commitment to expanding its production capabilities for antibody drug conjugates. This long-term investment is likely to positively impact the company's stock price as it demonstrates growth and expansion plans.
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