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Haleon to invest $54 mln in US R&D centre to boost product innovation
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Haleon to invest $54 mln in US R&D centre to boost product innovation
Jan 29, 2025 3:31 AM

Jan 29 (Reuters) - Consumer healthcare company Haleon ( HLN )

said on Wednesday it will invest $54 million in its

global research and development centre in Richmond, U.S., aiming

to boost its pipeline for new product innovations.

The company said the investment is in addition to its 300

million pound ($372.5 million) annual spending in R&D.

The Richmond facility is one of the three R&D centres of

excellence for Haleon ( HLN ), along with Weybridge, UK and Suzhou,

China.

($1 = 0.8053 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by

Arun Koyyur)

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