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AstraZeneca Unveils $50 Billion US Investment
Financial Express Chennai
|July 23, 2025
AstraZeneca plans to spend $50 billion to expand manufacturing and research capabilities in the US by 2030, it said on Tuesday, the latest big investment by a pharmaceutical company reacting to President Donald Trump's tariff policy.
The investment will fund a new drug manufacturing facility in Virginia and expand research and development (R&D) and cell therapy manufacturing in Maryland, Massachusetts, California, Indiana, and Texas, it said in a statement.
It will also upgrade the Anglo-Swedish drugmaker's US clinical trial supply network and support ongoing investment in novel medicines.
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