
(Reuters) -AstraZeneca said on Friday it will invest $2 billion to expand its manufacturing footprint in Maryland as part of its previously announced $50 billion plan to expand manufacturing and research capabilities in the U.S. by 2030.
Global pharmaceutical companies have been ramping up investments in the United States to expand production capacity, following President Donald Trump's call for the industry to make more medicines domestically instead of importing active ingredients or finished products.
The Anglo-Swedish drugmaker's $2 billion investment will help expand its biologics manufacturing facility in Frederick and construct a new state-of-the-art facility in Gaithersburg for the development and clinical supply of drugs to be used in trials.
This investment marks the fourth in AstraZeneca's larger expansion plan, and will support 2,600 jobs across the two sites in Maryland, including the creation of 300 highly skilled jobs.
CEO Pascal Soriot has looked to balance Trump's demands on the sector with a full listing of its shares on the New York Stock Exchange, as well as a deal to lower drug prices for millions of Americans.
AstraZeneca's Frederick facility currently produces biologics, a class of medications that come from living organisms and include a wide range of products such as vaccines and other therapies. These are used across AstraZeneca's portfolio of cancer, autoimmune, respiratory and rare disease treatments.
The planned expansion will nearly double commercial manufacturing capacity, allowing increased supply of existing medicines and, for the first time, production across the company's rare disease portfolio, AstraZeneca said, adding that it will create 200 highly skilled jobs and 900 construction roles.
Its new clinical manufacturing facility in Gaithersburg, which will be fully operational by 2029, will create an additional 100 jobs, retain 400 roles and support a further 1,000 construction-related jobs.
The drugmaker's previous announcements included a new cell therapy manufacturing facility in Rockville, Maryland, a new drug substance manufacturing facility in Virginia and the expansion of its existing manufacturing facility in Coppell, Texas.
(Reporting by Sriparna Roy in Bengaluru; Editing by Alan Barona)
LATEST POSTS
- 1
Step by step instructions to Prepare with Senior Protection for Inward feeling of harmony. - 2
Step by step instructions to Advance the Eco-friendliness of Your Kona SUV - 3
Lahav 433 head Asst.-Ch. Meni Benjamin named as police officer investigated for breach of trust - 4
Creative Tech Contraptions That Will Work on Your Life - 5
Figure out How to Adjust Work, Life, and an Internet based Degree
Osteoporosis, the silent disease, can shorten your life − here’s how to prevent fractures and keep bones healthy
Surveys of Music Collections by Film Stars
Tzrifin base exhibition reveals Hamas and Hezbollah arms, showing structure behind attacks
A company is trying to unlock a key to aging, in a long-overlooked body part
100 new alien worlds: Scientists find hidden haul in data from NASA exoplanet-hunting spacecraft
Argentina joins NASA’s moon return with microsatellite testing GPS beyond Earth
Top 20 Wellbeing and Wellness Applications for a Sound Way of life
Former elite Australian soldier charged with Afghan war crimes
Etymological Experiences on the Wireless transmissions: A Survey of \Learning in a hurry\ Language Web recording













