03:12 PM EST, 01/23/2025 (MT Newswires) -- Astrazeneca ( AZN ) said Thursday it will invest CA$820 million ($570 million) in Canada and create over 700 high-skilled jobs across its operations in the country.

The investment includes moving to a larger facility to Greater Toronto Area in Ontario, the company said.

This initiative will support AstraZeneca's ( AZN ) $80 billion global revenue goal by 2030 and its plan to launch 20 new medicines within the same timeframe, it added.

The company said it expects seven phase 3 clinical trial data readouts this year.

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