Pharmaceuticals output up 21%
Biomedical manufacturing output expanded 19.5% in December.
The Singapore Economic Development Board reported:
Output of the biomedical manufacturing cluster expanded 19.5% in December 2012 compared to the same period a year ago.
The pharmaceuticals segment climbed 21.0%, mainly due to a different mix of active pharmaceutical ingredients being produced.
Robust export demand for medical devices drove the medical technology segment to record a gain of 11.8%.
On a year-to-date basis, output of the biomedical manufacturing cluster increased 9.9%, compared to the same period a year ago.