- Expansion of its R&D facility in Gaithersburg, Maryland
- State-of-the-art R&D centre in Kendall Square, Cambridge, Massachusetts
- Next-generation manufacturing facilities for cell therapy in Rockville, Maryland and Tarzana, California
- Continuous manufacturing expansion in Mount Vernon, Indiana
- Specialty manufacturing expansion in Coppell, Texas
- New sites to supply clinical trials
Collectively, these investments will help deliver AstraZeneca’s ambition of reaching $80 billion in Total Revenue by 2030, of which it expects 50% would be generated in the US.
Pascal Soriot, Chief Executive Officer, AstraZeneca, said: “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. I look forward to partnering with Governor Youngkin and his team to work on our largest single manufacturing investment ever. It reflects the Commonwealth of Virginia’s desire to create highly skilled jobs in science and technology, and will strengthen the country’s domestic supply chain for medicines.”
