Oct 1 (Reuters) - Johnson & Johnson ( JNJ ) said on
Tuesday it will invest more than $2 billion to build a new
manufacturing facility in Wilson, North Carolina, aiding
production of new therapies.
The new facility will expand J&J's production of biologic
medicines to treat cancer, immunity-related and neurological
diseases, the company said.
The drugmaker aims to launch or file for more than 70 new
therapies and expanded treatment options for patients by 2030.
J&J is investing in capacity to ensure a resilient supply
chain for the future, said Dapo Ajayi, vice president at J&J's
innovative medicine supply chain.
The company expects to commence construction of the facility
in the first half of 2025, J&J said, adding that it will employ
about 400 full-time staff when it is fully operational.