financetom
Business
financetom
/
Business
/
Amgen to invest $200 million in India site, CEO says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amgen to invest $200 million in India site, CEO says
Feb 23, 2025 11:23 PM

HYDERABAD, India, Feb 24 (Reuters) - U.S. drugmaker

Amgen ( AMGN ) will invest about $200 million this year in its

new technology centre in southern India, with further

investments planned, Chief Executive Officer Robert Bradway said

at the inauguration of the site on Monday.

Amgen ( AMGN ) announced its plans to open a "technology and

innovation" site in India last year that is focused on

increasing the use of artificial intelligence and data science

to support development of new medicines.

The drugmaker is one of many pharmaceutical giants looking

to expand their presence in India, the so-called "pharmacy of

the world", and has emerged as a hub for global capability

centres in recent years.

"We have wanted for a long time to expand Amgen's ( AMGN ) presence

in India and that time has come. Amgen ( AMGN ) is investing an initial

$200 million in this centre in 2025 and plan to make additional

significant investments in future years," Bradway said.

The site in Hyderabad, capital of the state of Telangana, is

expected to have a workforce of about 2,000 by the end of the

year, with around 300 employees already working there, said Som

Chattopadhyay, national executive for India at Amgen ( AMGN ).

The city will also host the BioAsia conference this week,

where executives from global drugmakers including Amgen ( AMGN ), Eli

Lilly ( LLY ) and Novartis, as well as several Indian

pharmaceutical giants will be speaking.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexico has exported some diesel from Dos Bocas, head of Pemex's trading arm says
Mexico has exported some diesel from Dos Bocas, head of Pemex's trading arm says
May 26, 2025
MEXICO CITY, May 12 (Reuters) - Mexico has exported several cargoes of diesel reprocessed in its new Olmeca refinery in the port of Dos Bocas, the head of the international trading arm of state energy company Pemex said on Monday. Reuters reported in April that two tankers with ultra-low sulfur diesel, originally produced from crude oil in the Madero refinery...
BRIEF-U.S. SEC says ordered F-1 IPO filing by Diamond Water to be declared abandoned on May 12
BRIEF-U.S. SEC says ordered F-1 IPO filing by Diamond Water to be declared abandoned on May 12
May 26, 2025
May 12 (Reuters) - U.S. SEC : U.S. SEC SAYS ORDERED THAT F-1 IPO FILING FILED BY DIAMOND WATER ORIGIN SUPPLY CHAIN TECHNOLOGY GROUP BE DECLARED ABANDONED ON MAY 12 - SEC FILING ...
Novo Nordisk to engage with US over drug prices, Ritzau news agency reports
Novo Nordisk to engage with US over drug prices, Ritzau news agency reports
May 26, 2025
OSLO, May 12 (Reuters) - Weight-loss and diabetes drug maker Novo Nordisk will engage with the U.S. government over U.S. policy proposals to bring down prices, the Danish company said in a statement to news agency Ritzau on Monday. We agree that Americans need access to medicines at better prices, and we will continue to engage with policymakers to develop...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved