Biomedical sciences companies invest over $500 million in Singapore in 2008
Global biomedical sciences companies invested more than $500.0 million in Singapore in the year 2008. This rides on the nation's strong scientific fundamentals, with biomedical sciences R&D expenditure exceeding $760.0 million in 2007. The continued confidence in Singapore points to the city-state's attractive investment environment, as companies look to the fast-growing Asian market to fuel their growth. As a leading bio-cluster in Asia, Singapore provides access to global talent, world-class scientific and clinical excellence, as well as excellent connectivity to key regional markets.
Expanding base of research investments
A growing base of more than 50 global pharmaceutical, biotechnology and medical technology companies are carrying out R&D in Singapore, alongside 30 public-sector research and medical institutes.
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