TOKYO, July 26 (Bernama-BUSINESS WIRE) -- Chugai Pharmaceutical Co., Ltd. (TOKYO:4519) announced today that it has decided to expand the business of Chugai Pharmabody Research Pte. Ltd. (hereinafter referred to as “CPR”), its research subsidiary in Singapore.
This decision has been made aiming to further improve drug discovery capabilities of the Chugai Group, in which the operation period of CPR is to be extended for another five years with an investment of 282 million Singapore dollars (SGD) from 2022 to 2026. CPR was established in 2012 to conduct research focused on the discovery of novel antibody drugs by utilizing innovative antibody engineering technologies owned by Chugai. The operation period of CPR was initially planned to be five years until 2016, and then extended for five additional years. An investment of 476 million SGD is planned to be made for 10 years from 2012 to 2021.
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