AstraZeneca (NASDAQ:AZN) revealed on Monday its intention to invest $50 billion by 2030 to bolster its manufacturing and research operations across the United States.
At the heart of this initiative is a new multi-billion dollar manufacturing site in Virginia, which will focus on producing products from its weight management and metabolic portfolio, including its oral GLP-1 obesity treatment.
This upcoming facility in Virginia is expected to become the largest manufacturing investment AstraZeneca has ever made globally.
The company highlighted that the plant will leverage artificial intelligence, automation, and data analytics to streamline production efficiency.
The broader investment strategy also covers the expansion of research and development efforts, along with the growth of cell therapy manufacturing in several states such as Maryland, Massachusetts, California, Indiana, and Texas.
AstraZeneca anticipates this project will generate tens of thousands of new jobs across these locations.
This move places AstraZeneca among the growing list of pharmaceutical companies ramping up their U.S. investments in response to the introduction of American trade tariffs.
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