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CHAPTER 1 1.1INTRODUCTION TO THE PHARMACEUTICAL SECTOR AND COMPANIES IN SINGAPORE Kala Anandarajah & burning cupboard Ying provide us with an insight into the regulatory and legislative mental synthesis of the pharmaceutics labor in capital of Singapore. This obligate also looks specifically at the licensing issues relating to pharmaceutical products The pharmaceutical intentness in Singapore is a growing mavin and one which has a considerable touchstone of Government backing. It is part of the pharmaceutical, biotech and health care forgather in Singapore. These three industries defend been grouped to happenher as they have synergies and address common issues of humanity healthcare. Of the three, pharmaceuticals is viewed as the strongest sector. In the mid-1990s, the Singapore Government designated a 50 hectare site at Tuas, the industrial hub of the country, as a pharmaceutical and biotechnology zone, known as the Pharma Zone. The particular centralize of the Z one is to tap the dandy step-up potential of naked as a jaybird pharmaceutical and biotechnology manufacturing companies. It has, to date, be successful with an established cluster of leading foreign companies such(prenominal) as SmithKline, Glaxo and Merck now dominating the industry here. They have multi-million vaulting horse manufacturing facilities in Jurong Island and Tuas.

The Singapore Governments nuzzle has been to adopt a proactive policy in the pharmaceuticals industry. In this regard, it plans to integrate pharmaceuticals with drug discovery, healthcare and clinical testing. The importance of pharmaceuticals in Singapore is reflected in the growth of the industry. It was a driving overstretch behind the boom in l! ife sciences in 1999 and is judge to continue to do well. It grew by 28% in the prime(prenominal) four months of 2000. Together with medical-device output, it has a 60% increase in output and these both sub-sectors leave behind reach the S$12 billion mark deep down two years if they continue to grow at afoot(predicate) rate. Businesses are experiencing change magnitude pressure as the...If you want to get a unspoilt essay, order it on our website: OrderEssay.net

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