AstraZeneca (AZN) to Invest $3.5 Billion in U.S. R&D and Manufacturing

Nov 12, 2024

AstraZeneca (AZN, Financial) has announced plans to invest $3.5 billion in research and development as well as manufacturing in the United States by the end of 2026. This substantial investment includes $2 billion dedicated to new projects.

The investment encompasses the expansion of a research and development center located in Kendall Square, Cambridge, Massachusetts, and a biologics manufacturing facility in Maryland. These initiatives reflect AstraZeneca's strategic focus on expanding its capabilities in these critical areas.

The company's decision to enhance its investment strategy is fueled by the strong revenue growth from its oncology drugs, which has led to an upward revision of AstraZeneca's annual profit and sales forecasts.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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