AstraZeneca to Invest $50 Billion in US as Tariff Threat Looms

Date:

AstraZeneca to Invest $50 Billion in US as Tariff Threat Looms

The logo for AstraZeneca outside its North America headquarters in Wilmington, Del., on March 22, 2021. Rachel Wisniewski/Reuters

AstraZeneca said on Tuesday it plans to invest $50 billion in the United States by 2030, funding a new multibillion-dollar manufacturing facility in Virginia and expanding research, development, and cell therapy operations in Maryland, Massachusetts, California, Indiana, and Texas.

The Virginia site will manufacture drug substances for weight management and metabolic treatments, including oral GLP-1 drugs, baxdrostat, oral PCSK9 inhibitors, and combination therapies. The plant will produce small molecules, peptides, and oligonucleotides, AstraZeneca said.

spot_imgspot_imgspot_img

Share post:

More like this
Related

This Obscure Program Feeds the H-1B VisaMeet Optional Practical Training

WASHINGTON—Americans have become familiar with the H-1B, a skilled worker...

Trump Backs Changes to Health Savings AccountsWhat to Know

Health Savings Accounts have been around since 2003, but...

North Koreas Expanding Military Ambitions in Space

Lamont ColucciAuthorDr. Lamont Colucci was the inaugural director of...

UK Approves US Use of British Bases for Strikes on Iranian Missile Sites Targeting Ships

U.S. Air Force military personnel work on AGM-158 joint...