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Amgen Completes $200 Million Biologics Facility in Singapore

publication date: Nov 20, 2014
Amgen has finished building its new $200 million next-generation biomanufacturing facility in Singapore, ushering in a new era for the company. The plant features a continuous manufacturing model that replaces biotech's traditional batch processing. Robert Bradway, Amgen's Chairman and CEO, earlier claimed the technology cuts costs dramatically: capital costs by 75%, operating expenses by 67% and manufacturing time by 50% -- overall, continuous manufacturing reduces the cost per gram of protein by 60%, he said. More details....

Stock Symbol: (NSDQ: AMGN)

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