Sept 17 (Reuters) - GSK said on Wednesday it
plans to invest $30 billion in research and development and
supply chain infrastructure in the United States over the next
five years, after U.S. President Donald Trump arrived in Britain
for an unprecedented second state visit to seal investment
deals.
The company said its new facilities will "bridge R&D and
manufacturing across both the U.S. and UK, strengthening the two
countries' leadership in life sciences".
London-based GSK said the investment includes $1.2 billion
for the construction of a new factory at Upper Merion,
Pennsylvania, to produce new medicines for respiratory disease
and cancer, with construction planned to commence in 2026.
It will also invest in AI and advanced digital technology
capabilities across GSK's existing five manufacturing sites in
the country, along with new drug substance manufacturing
capabilities and improved device and auto-injector assembly.
GSK is the latest drugmaker to scale up its U.S. footprint
as Trump threatens to impose import tariffs on the industry and
seeks to boost domestic manufacturing. The sector has
historically been spared from trade disputes.
"This landmark investment will create tens of thousands of
American jobs and ensure that critical medicines and
technologies are developed and manufactured right here on U.S.
soil-where they belong," U.S. Commerce Secretary Howard Lutnick
said.
The $30 billion investment will help bolster R&D and
clinical trial activity, and the U.S. is expected to rank first
for the number of studies, sites and clinical trials
participants conducted by GSK over the next five years,
according to the company.
However, it did not comment on whether the $30 billion
included funds that had already been earmarked for the U.S.
business. But pharma industry sources have told Reuters a number
of firms that have announced large U.S investments under Trump
have included projects or sites already in the works in order to
give a large headline figure.
GSK said it has committed about $2 billion to U.S.
manufacturing over the past year, and that the investments will
add hundreds of skilled jobs, on top of construction roles, and
build on its roughly 15,000 strong U.S. workforce.
The U.S. accounted for nearly half of GSK's revenue last
year.