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Alcon, Inc.
Alcon Announces Plans to Build Pharmaceutical Manufacturing Plant in Singapore
May 2nd, 2008
Alcon, Inc. (NYSE:ACL) announced that the company plans to build a facility in Singapore that will manufacture pharmaceuticals to be distributed throughout most of Asia. The company plans to break ground in 2009 with the plant being fully functional in 2012. Alcon will employ more than 150 employees within three years after commencing production. Over the past several years, Alcon's sales of pharmaceuticals that treat diseases and conditions of the eye have risen at a compound annual growth of more than 20 percent in Asian markets. This growth has been driven by many of Alcon's major brands such as TRAVATAN(R), PATANOL(R) and VIGAMOX(R) ophthalmic solutions, TOBRADEX(R)...
Source: Health Business Week (2008-05-02)
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