
(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
Netflix's Eddie Murphy documentary explains 'Saturday Night Live' beef: 'That's why I didn't go back for years' - 2
Current Chateaus: Advancement and Style - 3
Vote In favor of Your Favored IT Administration - 4
The most effective method to Decisively Plan Your Nursing Profession for the Best Compensation Results - 5
Hoist Your Style: Famous Hairdos for Ladies
As world leaders enter climate talks, people in poverty have the most at stake
5 Must-Attempt Outlandish Dishes from Around the World
Cyber Monday 2025: Save over 70% on HBO Max with this Prime Video streaming deal
Top notch DSLR Cameras for Photography Devotees
Viable Tips for Seniors to Purchase a Minimal expense Jeep Wrangler
Audits of the Top Science fiction Movies This Year
Monetary Wellness: Planning Tips for Independence from the rat race
The most effective method to Shield Your Gold Ventures: Procedures and Precautionary measures
Charli xcx recorded original songs for 'Wuthering Heights' — what to know about the new album for Margot Robbie's film











