Singapore’s pharmaceutical industry 'increasingly important' : Report

But monthly pharmaceutical exports from Singapore can be volatile, subject to changes in manufacturing outputs from new batches of active ingredients coming online, or products losing their patent protection, leading to a fall in demand.

Quoting data from the Economic Development Board, Fitch said the number of people working for pharmaceutical companies rose to 7,356 in 2017, from 5,142 in 2011, and this contrasts with the overall decrease in employment seen in manufacturing. Similarly, while the value of fixed asset investments fell for most industries, the pharmaceutical sector saw a total of $440 million invested in 2017, up from $197 million in 2012.

There are 55 pharmaceutical manufacturing facilities in Singapore, a majority of which are foreign-owned and includes research and development-based companies.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Growth in Singapore medical device market cut to 8.4% for 2018-2023: ReportSINGAPORE'S medical device market is projected to register a compound annual growth rate (CAGR) of 8.4 per cent from 2018 to 2023, down from a previous estimate of 9.1 per cent, with the industry valued at some S$1.3 billion in 2023, according to a report by Fitch Solutions Macro Research on Thursday. Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

US: Stocks rally on earnings, trade talks report[NEW YORK] Wall Street stocks rallied on Tuesday following a batch of mostly good earnings and as reports that face-to-face US-China talks will be held next week lifted hopes of a trade agreement. Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »