AstraZeneca commits $50 billion to US manufacturing expansion by 2030, creating skilled jobs and supporting advanced therapies. The investment aligns with the company's strategy to expand domestic production in response to tariff pressures under President Trump. A new multi-billion-dollar facility in Virginia will focus on producing drug substances for weight management and metabolic therapies. The project builds on a previously announced $3.5 billion investment and aims to generate $80 billion in total revenues by 2030, with half of that from the US market.
AstraZeneca has announced a significant investment of $50 billion in the United States by 2030, aimed at expanding its manufacturing and research footprint. The investment, which comes amidst ongoing tariff discussions under President Trump, underscores the company's strategy to bolster domestic production and support advanced therapies.
The cornerstone of this investment is a new multi-billion-dollar drug substance manufacturing facility planned for the Commonwealth of Virginia. This facility, set to be AstraZeneca's largest single manufacturing investment globally, will focus on producing drug substances for the company's weight management and metabolic portfolio. The facility will leverage advanced technologies such as artificial intelligence, automation, and data analytics to optimize production [1].
The broader $50 billion commitment over five years includes the expansion of research and development (R&D) facilities in Gaithersburg, Maryland, and the establishment of a new R&D center in Kendall Square, Cambridge, Massachusetts. Additionally, there are plans for next-generation manufacturing facilities for cell therapy in Rockville, Maryland and Tarzana, California, continuous manufacturing expansion in Mount Vernon, Indiana, and specialty manufacturing expansion in Coppell, Texas. The investment also includes the establishment of new sites to supply clinical trials [2].
This substantial investment aligns with AstraZeneca's goal of reaching $80 billion in total revenue by 2030, with 50% of that expected to be generated in the US market. The US currently represents 42% of the company's total revenue, highlighting the critical role the US plays in AstraZeneca's ability to deliver on its ambition to launch 20 new medicines by the end of the decade [3].
The announcement has been welcomed by US officials. Howard Lutnick, US Secretary of Commerce, stated, "For decades, Americans have been reliant on foreign supply of key pharmaceutical products. President Trump and our nation’s new tariff policies are focused on ending this structural weakness. We are proud that AstraZeneca has made the decision to bring substantial pharmaceutical production to our shores" [1].
Governor Glenn Youngkin of the Commonwealth of Virginia also expressed his enthusiasm, "I want to thank AstraZeneca for choosing Virginia as the cornerstone for this transformational investment in the United States. This project will set the standard for the latest technological advancements in pharmaceutical manufacturing, creating hundreds of highly skilled jobs and helping further strengthen the nation's domestic supply chain" [1].
Pascal Soriot, Chief Executive Officer of AstraZeneca, added, "Today’s announcement underpins our belief in America’s innovation in biopharmaceuticals and our commitment to the millions of patients who need our medicines in America and globally. It will also support our ambition to reach $80 billion in revenue by 2030" [1].
The investment is expected to create tens of thousands of new, highly skilled direct and indirect jobs across the country, powering growth and delivering next-generation medicines for patients in America and worldwide [1].
References:
[1] https://www.astrazeneca.com/media-centre/press-releases/2025/astrazeneca-plans-to-invest-50bn-dollars-in-the-us.html
[2] https://finance.yahoo.com/news/astrazeneca-plans-invest-50b-us-104512741.html
[3] https://www.investing.com/news/assorted/astrazeneca-plans-50-billion-us-investment-by-2030-432SI-4144863
Comments
No comments yet