Updated on 4 April 2014
According to IMS data, the pharmaceutical market in Asia is expected to reach USD350 billion in 2016, comprising approximately 30 percent of the global pharmaceutical market and driving close to 50 percent of global, incremental growth through 2016.
"Singapore offers the ideal strategic location for Actavis' Asia Pacific headquarters," said Mr. Hordur Thorhallsson, Actavis' Senior Vice President, APACA. "The centralized location within the region provides ready access to the Asia Pacific markets, and it offers excellent logistical and regulatory infrastructure and a government with exceptional knowledge and experience working with the global pharmaceutical industry. We look forward to further establishing and strengthening our operations in Singapore in the years to come."