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Updated Thursday, December 10, 2009 11:02 am TWN, The Straits Times/Asia News Network

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Roche to sink US$71 mil. for research in Asia

Just a month after it opened a S$500 million (US$358.75 million) manufacturing plant in Singapore, Swiss pharmaceutical giant Roche has decided to locate some of its research work for Asia here as well. It is sinking in another S$100 million (US$71.75 million) to do what is known as translational research, which looks at, for example, how the different ways drugs conceived in the laboratory can better benefit patients.

Neither Roche nor the Economic Development Board will comment but it is understood it is eyeing premises at Outram campus, close to Singapore General Hospital and the eye, heart and cancer centers.

Roche's decision was hailed by doctors as a coup for Singapore and a validation of its work in biomedical science. Roche had also been considering Shanghai as a location.

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