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Archive for November 20th, 2014

Amgen Opens Next-generation Biomanufacturing Facility in Singapore

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-New Technology Enables Greater Speed, Productivity and Flexibility in Producing Biologic Medicines
-Company Announces Additional Investment in Singapore With Plans for a Synthetic Molecule Plant

SINGAPORE, Nov. 20, 2014 /PRNewswire/ — Amgen (NASDAQ:AMGN) has completed construction of its first Next-Generation Biomanufacturing facility, located in Singapore, heralding a new stage of efficient and innovative production of medicines that treat serious diseases.

Biologic medicines are produced in living cells and the new Tuas facility encompasses multiple technologies to enable greater speed, productivity and flexibility in commercial-scale manufacturing.

Built in less than two years, the Next-Generation Biomanufacturing facility was completed in half the time required for conventional biomanufacturing plants. It uses single-use bioreactors, disposable plastic containers, continuous purification processing and real-time quality analysis. This flexible, modular design can be replicated in future facilities, enabling higher production and greater accessibility to patients around the world.

“At Amgen, we are reinventing what it means to manufacture biologic medicines,” said Robert A. Bradway, chairman and chief executive officer of Amgen. “Singapore is an ideal place to invest in such a pioneering facility because of its talented workforce and commitment to the biotechnology industry.”

The Next-Generation Biomanufacturing facility is expected to have the same annual output as a conventional facility but in a single building that will use less energy and water and have lower solid waste and emission levels — all in line with Singapore’s commitment to sustainable and innovative economic development.

Yeoh Keat Chuan, managing director of the Singapore Economic Development Board (EDB) congratulated Amgen and said, “Amgen’s decision to locate its first commercial-scale facility in Singapore, which utilizes their suite of breakthrough biomanufacturing technologies, is a testament to Singapore’s capabilities as a high quality, future ready, global biopharmaceutical hub. EDB will continue to invest in talent, process capabilities and new technologies to support the strong growth in this sector.”

Amgen also announced it will continue building at its Tuas site in Singapore and will soon break ground on another facility where it will make carfilzomib, the active ingredient for Kyprolis®.

About Amgen

Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.

Amgen focuses on areas of high unmet medical need and leverages its biologics manufacturing expertise to strive for solutions that improve health outcomes and dramatically improve people’s lives. A biotechnology pioneer since 1980, Amgen has grown to be the world’s largest independent biotechnology company, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.

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Source: Amgen Singapore

Related stocks: NASDAQ-NMS:AMGN

Written by asiafreshnews

November 20, 2014 at 12:00 pm

Posted in Business & Finance

PolyU Hosts The Second Summit on University Social Responsibility, Inaugural International Conference on Service-learning and “PolyU Serves” Showcase

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HONG KONG, Nov. 19, 2014 /PRNewswire/ — The Hong Kong Polytechnic University (PolyU) will host a 5-day event from 19-23 November 2014, comprising The Second Summit on University Social Responsibility, Inaugural International Conference on Service-learning and “PolyU Serves” Showcase. Through these events, PolyU will establish an effective platform to connect and foster partnership among world renowned universities to share their insights in advancing university social responsibility (USR), generating social impact and driving sustainable development of the world. 

Officiating at the Opening Ceremony today (19 November) at Hotel Icon were the Honorable Eddie Ng Hak-kim, Secretary for Education of the HKSAR Government; Professor Roy Chung Chi-ping, PolyU Court Chairman; and Professor Timothy W. Tong, PolyU President. During the Summit, university heads and participants exchanged views on dedicated topics: “Nurturing students to be socially responsible citizens”, “Developing University Social Responsibility: strategies and models” and “Higher Education as a catalyst for Social Change”. Speakers of the plenary sessions include renowned leaders in USR, including Professor Ye Jing-yi, Vice Chairman of University Council, Peking University, Professor James Thompson, Associate Vice President for Social Responsibility, The University of Manchester, and Professor Hau Lee, Thoma Professor of Operations, Information and Technology, Faculty Co-Director of SEED (Stanford Institute for Innovation in Developing Economies), Faculty Co-Director of Value Chain Innovation Initiative, Stanford Graduate School of Business, Stanford University. They brought innovative and inspiring ideas, as well as strategies in the way forward in USR.

Subsequent to the Summit, PolyU stages the Inaugural International Conference on Service-learning in PolyU Campus on 20-21 November. It demonstrates PolyU’s role and trend-setting model in service learning among institutions, in which PolyU’s experts and students will unveil how service learning helps bring changes to the society through different learning subjects. Professor Andrew Furco, Associate Vice President for Public Engagement and Associate Professor of Higher Education, University of Minnesota, will deliver a Keynote Speech on “Research and Scholarship”, and frontline academic practitioners and administrators from universities from US, Israel, Singapore and China will discuss and promote the scholarly development of the relevant theories, models, and tools of service-learning.

Taking place from 21-23 November, the “PolyU Serves Showcase” will exhibit PolyU’s accomplishments in service learning and efforts in nurturing students “To Learn to Serve”. Exhibitions, on-site demonstrations, games and workshops, students’ sharing and direct services such as vision screening and health check for the public will be available to showcase how students integrates knowledge in serving the community.

Official website with full details:

Press contact:      

Ms Winnie Lam
Division Head (Public Affairs)
Communications and Public Affairs Office
Telephone: +852-2766-6377 begin_of_the_skype_highlighting +852-2766-6377 免費  end_of_the_skype_highlighting / +852-9739-0807 begin_of_the_skype_highlighting +852-9739-0807 免費  end_of_the_skype_highlighting
E-mail :

Ms Agnes Kwan
Manager, Communications and Public Affairs
Telephone: +852-2766-6374 begin_of_the_skype_highlighting +852-2766-6374 免費  end_of_the_skype_highlighting



Source: The Hong Kong Polytechnic University

Written by asiafreshnews

November 20, 2014 at 10:02 am

Posted in Uncategorized

TMT to Appeal Judgment — Nobu Su Had Taken Off His Chapeau to Mr. Polys-Hajijanou

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HONG KONG, Nov. 20, 2014 /PRNewswire/ — Nobu Su has spoken out about the latest UK court ruling against his company in the case between TMT and Lakatamia, and has vowed to appeal the judgment. The world wide freezing injunction obtained by Polys-Hajijanou over Nobu Su personal assets since August 2011 has damaged Mr. Su personally and professionally and he is keen to gain back wrongful acts.

The Greek/Cypriot/British shipping tycoon Mr. Polys-Hajijanou who resides in Monaco and owns the single-ship company Lakatamia, recently won a claim of close to USD38 million against TMT chairman Nobu Su and other TMT companies. The case revolved around disputed Forward Freight Agreements (“FFA”). Lakatamia has successfully obtained its full claim amount for USD79 million plus costs even though TMT had already paid USD43million, which it considers as a more than sufficient settlement amount.

Speaking on last Monday, a spokesman for TMT commented that “Mr Su and the TMT companies are surprised and disappointed with Justice Cooke’s ruling.” TMT’s spokesman went on to say: “TMT consider Lakatamia’s disclosure, during the proceedings to be inadequate and TMT will seek legal advice on this issue.”

TMT’s spokesman went on to say: ” TMT is hopeful that the Polys-Hajijanou case will be heard in the English Court of Appeal if TMT’s appeal is granted, and will have results similar to the Oceanbulk Trading and Shipping case where in 2010, TMT won a leading case in the English Supreme Court against the CEO of Starbulk, Mr. Petros Pappas, about whether without prejudice discussions should be admissible in evidence.”

TMT’s spokesman stated that according to Nobu Su, the key question to be considered, is whether it should be regarded as corporate liability or personal liability when one billionaire ship owner and another billionaire ship owner enter into USD150 million worth of derivative transactions via only one broker but through separate phone transactions in the middle of the 2008 financial crisis. Both shipowners – Mr. Su and Mr. Polys-Hajijanou – were not trading directly with the broker. Trades were done at both ends by traders working for corporations and the documentation did not mention the shipowners’ individual names but that of their companies.

In Nobu Su’s opinion, if the recent UK judgment was right, it would mean that NOBODY could trade derivative without the risks of personal liability. He finds it difficult to believe that anybody trading based on an ISDA agreement over an i-phone or a blackberry can be held personally liable, instead of their underlying corporates being liable for the contracts subsequently entered into.

The issue highlighting the demand letter of Royal Bank of Scotland PLC Global Banking & Markets prohibited TMT from trading FFA on August 14, 2008. Therefore, TMT was not allowed to clear LCH trades in the middle of Lehman Shock and RBS nationalization without the instruction in liquidity crunch.

Source: TMT Group

Written by asiafreshnews

November 20, 2014 at 9:58 am

Posted in Uncategorized