
(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
Figure out How to Use the Experience of a Fender bender Legal counselor for Your Potential benefit - 2
Authentic Urban areas: Rich Legacy and Lively Societies - 3
Potential Houthi threat to Red Sea shipping could further damage global economy - 4
Nodding off is dangerous. Some animals have evolved extreme ways to sleep in precarious environments - 5
More parents refusing this shot that prevents serious bleeding at birth
Four Dead in Last Month From Animal Attacks in Nepal
Under pressure at home, Belgium's leader treads a tight rope with EU partners over funds for Ukraine
Hoist Your Style: Famous Hairdos for Ladies
Chemical leak in Oklahoma forces evacuations and leaves many ill
Instructions to Discuss Successfully with Your Auto Collision Lawyer
Criminal Guard Lawyer Expenses: What Would it be advisable for you to Hope to Pay?
Trump announces 'Patriot Games' with 2 competitors from every state and territory: What we know
Trump administration plan to reduce access to some student loans angers nurses, health care groups
Vote in favor of Your Fantasy Vehicle: Which Notable Model Catches Your Heart?












