
(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
The most effective method to Distinguish the Best Material Organization in Your Space - 2
Australia’s post-Bondi crackdown accused of targeting pro-Palestinian voices - 3
Equality requires universal draft, participation in economy and workforce, MK Liberman says - 4
All the ways Marjorie Taylor Greene has shifted her approach lately — and why Trump is 'surprised at her' - 5
Dad issues urgent plea to find stem cell donor for his son
Moon-bound Artemis II astronauts enjoy a relaxed day in space
Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
How a toxic self-improvement trend with a funny name took over your feed
Meet the Stars of the Feline World: Well known Pet Feline Varieties
Which '80s Film Actually Holds Up Today?
'Peaky Blinders: The Immortal Man' teaser trailer reveals Cillian Murphy's Tommy Shelby back in action
Israel Police decry online defamation campaign against female officer in Jerusalem
They relied on marijuana to get through the day. But then days felt impossible without it
Instructions to Pick the Right Senior Protection Plan.











