Singapore biomed

Five things about Philip Yeo, former EDB chairman and outgoing CDL director

The economic heavyweight, whose 16-year tenure at CDL’s board ends on Jul 31, played key roles in building Jurong Island and the biomedical sector

Clients today want the ability to monitor their orders being produced, which the new smart factory will support, says Fu Yu Corporation group CEO David Seow.
TOPLINE

Fu Yu Corp doubles down on biomedical bet

Added capabilities enable it to value-add and engage new customers, as well as pursue further collaborations with existing customers

Elementum, Ho Bee Land’s landmark biomedical life-science development. The group is selling a 49 per cent stake in this project to a sovereign wealth fund.

Ho Bee Land sells 49% stake in Elementum for S$134 million to sovereign wealth fund

The company says the deal paves the way for broader collaboration, exploring new avenues for strategic growth and development

Though the electronics sector continues to post year-on-year growth in November, the rate of increase has slowed.

Singapore’s November factory output marks two straight months of growth, up lower-than-expected 1%

SINGAPORE’S manufacturing output gained 1 per cent on year in November, extending October’s surprise 7.6 per cent growth after a year-long slump.

Electronics was the best-performing cluster in October, with output expanding 14.8% year on year, extending the previous month’s 12.7% growth.

Singapore’s October factory output rebounds with 7.4% growth after 12-month slump

SINGAPORE’S factory output in October surpassed market expectations with a 7.4 per cent year-on-year rebound after a year-long slump, data from the Singapore Economic Development Board (EDB) showed on...

Fundraising in the human health and potential category rose from US$400,000 million across 93 deals in 2020 to US$1.75 billion across 100 deals in 2021, before falling to US$770,000 million across 45 deals in 2022, a report by EnterpriseSG and DealStreetAsia found.

Singapore biotech startups face funding drought, in search of patient capital

SINGAPORE biotech startups are struggling through a sharp drop in funding as investors seek greater certainty of returns.

Companies like Moderna are examples of  investments in companies that can build their solutions around long-term trends and enduring behaviours.

What to watch in the biomedical space over the next five years

The pandemic has put the spotlight on the healthcare and biomedical sectors, driving unprecedented enthusiasm in the relatively unknown field of mRNA innovations, and bolstering growth in digital heal...

WuXi Biologics aims to increase its biomanufacturing capacity by 120,000 litres by 2026.

WuXi Biologics, WuXi AppTec to each invest S$2b to grow R&D, manufacturing capabilities in Singapore

WuXi Biologics, a contract research, development and manufacturing organisation, on Tuesday (Jul 19) announced a 10-year, S$2 billion investment plan to grow its presence in Singapore.