By YouMeMindBody
A 40000 square foot multi-million dollar facility that looks to treatments for hard to treat diseases like cancer and autoimmune conditions now this is the latest addition to Singapore growing biotech scene a sector that saw 860 million dollars raised by more than 40 locally based firms last year shalencia has more taking medicine to new heights hummingbird bio science aims to Target diseases with more Precision by combining Bio therapeutics with insights from data science the facility has 10
Laboratories working on all stages of drug Discovery and development this lab. I'm in studies closely the effectiveness of potential drugs and the Highlight is this machine which looks at the changes in the immune cells before and after treatment since it started in 2015 the company has researched several types of treatments two that treat cancers are now in clinical trials one targets a stubborn cancer protein called her 3 that leads to more aggressive cancer progression in patients the other looks at antibodies to strengthen their immune systems the main tumor types that I think we'refocusing on at the moment are lung cancer ovarian cancer also potentially melanoma what we hope to see with these emerging treatments is a very significant reduction in the tumor burden which hopefully translates into real extension in the survival of the patients of course also improve quality of life at the facility's opening
Deputy Prime Minister him cat says startups like hummingbird which secured 125 million US dollars in funding last year at a reason why Singapore is becoming a magnet for biotech with biomedical Sciences making up some 3.3 percent of GDP and employing more than 25 000 workers last year Mr Heng says the government will continue to invest in the sector and attract top talent biotech including drug developments has the potential to improve countless lives in the region and around the world Singapore hopes to contribute on this front by continuing to strengthen our scientific base Bridging the value of depth and anchoring smart financing as importantly to thrive we must remain open as an oasis for biotech grown it's a Workforce to 150 hummingbird aims to increase this by 20 to 40 percent in the coming years.
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