financetom
Business
financetom
/
Business
/
AstraZeneca to invest $2 billion as part of US manufacturing push
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AstraZeneca to invest $2 billion as part of US manufacturing push
Nov 21, 2025 11:37 AM

(Reuters) -AstraZeneca ( AZN ) 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 ( AZN ) 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 ( AZN ) 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 ( AZN ) 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 ( AZN ) 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.

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 >
US business borrowing for equipment rises over 5% in October, ELFA says
US business borrowing for equipment rises over 5% in October, ELFA says
Nov 24, 2025
Nov 24 (Reuters) - U.S. companies borrowed 5.7% more to finance equipment purchases in October than a year earlier, showing little impact from the recent government shutdown, the Equipment Leasing and Finance Association said on Monday. New loans, leases and lines of credit signed up by companies in October was $10.5 billion on a seasonaly adjusted basis, same as in...
Market Chatter: Apple Cuts 'Dozens' of Sales Roles
Market Chatter: Apple Cuts 'Dozens' of Sales Roles
Nov 24, 2025
02:51 PM EST, 11/24/2025 (MT Newswires) -- Apple ( AAPL ) has laid off dozens of workers on the sales team, Bloomberg reported Monday, citing people familiar with the matter. The iPhone maker notified affected workers over the past couple of weeks, the people reportedly told Bloomberg. Apple ( AAPL ) didn't immediately reply to a request for comment from...
BRIEF-Burgundy Xploration Submits Confidential Draft Registration Statement For Proposed IPO
BRIEF-Burgundy Xploration Submits Confidential Draft Registration Statement For Proposed IPO
Nov 24, 2025
Nov 24 (Reuters) - Burgundy Xploration: * BURGUNDY XPLORATION ANNOUNCES CONFIDENTIAL SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR A PROPOSED INITIAL PUBLIC OFFERING ...
J.M. Smucker Faces 'Cautiously Optimistic' Sentiment Ahead of Fiscal Q2 Earnings, UBS Says
J.M. Smucker Faces 'Cautiously Optimistic' Sentiment Ahead of Fiscal Q2 Earnings, UBS Says
Nov 24, 2025
03:01 PM EST, 11/24/2025 (MT Newswires) -- J.M. Smucker (SJM) is facing a cautiously optimistic sentiment ahead of its fiscal Q2 earnings on Tuesday, with investors prepared for the quarter's upside and guidance to be less robust than what was expected several weeks ago, UBS said. The brokerage said in a Friday note that its fiscal Q2 earnings per share...
Copyright 2023-2026 - www.financetom.com All Rights Reserved