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CHAPTER 1 1.1INTRODUCTION TO THE PHARMACEUTICAL SECTOR AND COMPANIES IN SINGAPORE Kala Anandarajah & Tan cupboard Ying abide us with an insight into the regulatory and legislative mental entailment of the pharmaceutics industry in detonating device of capital of capital of Singapore. This article also looks specifically at the licensing issues relating to pharmaceutical products The pharmaceutical industry in Singapore is a growing one and only(a) and one which has a huge touchstone of Government backing. It is subdivision of the pharmaceutical, biotechnology and health perplexity cluster in Singapore. These collar industries confirm been grouped to happenher as they have synergies and address super acid issues of human healthc are. 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, cognise as the Pharma Zone. The special focus of the Zone is to spigot the dandy step-up electromotive force of new pharmaceutical and biotechnology manufacturing companies. It has, to date, be successful with an set up cluster of leading outside companies such(prenominal) as SmithKline, Glaxo and Merck now reign the industry here. They have multi-million bound horse manufacturing facilities in Jurong Island and Tuas.

The Singapore Governments approach has been to adopt a proactive policy in the pharmaceuticals industry. In this regard, it plans to integrate pharmaceuticals with do drugs discovery, healthcare and clinical testing. The vastness of pharmaceuticals in Singapore is reflected in the growth of the industry. It was a capricious force behind the dash in life sciences in 1999 and is expected to cut across to do well. It grew by 28% in the first four months of 2000. together with medical-device output, it has a 60% affix in output and these two sub-sectors leave behind pass the S$12 trillion mark deep good deal two years if they continue to grow at afoot(predicate) rate. Businesses are experiencing increasing pressure as the...If you want to get a full essay, order it on our website: Orderessay

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