Updated on 13 May 2016
(R-L) Dr Koh Poh Koon, Minister of State for Trade & Industry receiving a token of appreciation from Mr Raman Singh, Mundipharma President of Asia Pacific, Latin America, the Middle East & Africa
Singapore: Mundipharma has delivered another boost to the City State's booming biomedical sector, announcing a planned 7,300m2 facility in Tuas at an official groundbreaking ceremony attended by Minister of State for Trade & Industry, Dr Koh Poh Koon.
The new facility will be the world's first BETADINE Consumer Health Hub that combines R&D, manufacturing and distribution. The povidone-iodine-based solution has been trusted by hospitals, doctors and consumers around the world for more than 60 years, and the new facility will produce the equivalent of approximately one billion applications of BETADINE treatments annually to meet increased demand in the region.
In vitro studies have proven that BETADINE kills the viruses associated with diseases including Ebola, MERS, SARS, Influenza and Hand Foot and Mouth Disease. Research shows that the number of outbreaks, and types of disease, have both increased significantly in recent times.
Manufacturing BETADINE in Singapore will enable Mundipharma to respond quickly to regional health crises, while the R&D function will seek new solutions to meet the unique healthcare challenges faced by an increasingly globalized region.
Mundipharma President of Asia Pacific, Latin America, the Middle East & Africa, Mr Raman Singh, said, "Given the accelerating demand for essential treatments, and 70 per cent of new demand projected to come from Asia, it's critical to have a strategically positioned manufacturing capability supported by an R&D function that is dedicated to unique characteristics of the region it supports.