The latest from Southeast Asian pharma, including soaring output in Singapore, tax breaks for research in Indonesia, Thai firm Factorytalk’s UK expansion, and the potential for a Russian COVID-19 vaccine manufacturing facility in the Philippines.
Singapore Factory Output Surges At Fastest Pace In Nine Years On Pharma Boost (Business World)
Singapore’s industrial output blew past forecasts to rise 24.2% year-on-year in September, its fastest pace in nine years, boosted by pharmaceutical manufacturing more than doubling last month, official data showed on Monday.
Indonesian Government Readies Tax Breaks for Pharma Research (Antara News)
Finance Minister Sri Mulyani Indrawati has said the government is preparing tax deductions for companies, including those in the pharmaceutical industry, who have undertaken research or innovation programs for finding a COVID-19 vaccine.
Jokowi eyes sufficiency in pharma industry (The Jakarta Post)
Indonesian President Joko “Jokowi” Widodo has called for a total reform of the national health system that will include self-sufficiency in the pharmaceutical industry in a bid to build national resilience against the health and economic crisis caused by the COVID-19 pandemic.
Singapore, Malaysia halt using SK Bioscience’s flu vaccine (Korea Biomedical Review)
Apparently affected by fatalities related to influenza vaccination in Korea, the Singaporean and Malaysian health authorities recently recommended local medical institutions to halt inoculation using vaccines in question.
Thai firm seeks to cure pharma production line ills with ‘smart factory’ tech (Business Leader)
Factorytalk, a digital tech company from Thailand, opened its first UK office this month, in Daresbury near Warrington.
The company’s ‘industry 4.0’ and ‘pharma 4.0’ manufacturing software is designed to increase factory productivity, reduce costs, cut waste, and significantly reduce the time it takes to develop new products.
Russia eyeing to establish pharma facility in PH for COVID-19 vaccine (Inquirer.net)
MANILA, Philippines — President Rodrigo Duterte has stated that Russia wants to put up a pharmaceutical plant in the Philippines to manufacture vaccines against COVID-19. Duterte said this was disclosed during the farewell call of outgoing Russian Ambassador to the Philippines Igor Khovaev on Monday.