AstraZeneca plans to invest $50 billion in America for medicines manufacturing and R&D
The cornerstone of this landmark investment is a new multi-billion dollar US manufacturing facility that will produce drug substances for the Company's innovative weight management and metabolic portfolio, including oral GLP-1, baxdrostat, oral PCSK9 and combination small molecule products. The new state-of-the-art center will produce small molecules, peptides and oligonucleotides. This multi-billion dollar capital investment is in addition to the $3.5 billion announced in November 2024.
The drug substance facility, planned to be in the Commonwealth of Virginia, would be AstraZeneca's largest single manufacturing investment in the world. The facility will leverage AI, automation, and data analytics to optimize production.
The $50 billion investment across our R&D and manufacturing footprint in the US over the next five years also includes:
Expansion of our R&D facility in Gaithersburg, Maryland
State-of-the-art R&D center 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
Our growing research and development investment in novel medicines
Collectively, these investments will help deliver AstraZeneca's ambition of reaching $80 billion in Total Revenue by 2030, of which we expect 50% would be generated in the US.
Howard Lutnick, US Secretary of Commerce, said: '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. This historic investment is bringing tens of thousands of jobs to the US and will ensure medicine sold in our country is produced right here.'
Governor Glenn Youngkin, Commonwealth of Virginia, said: '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. Advanced manufacturing is at the heart of Virginia's dynamic economy, so I am thrilled that AstraZeneca, one of the world's leading pharmaceutical companies, plans to make their largest global manufacturing investment here in the Commonwealth.'
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.'
Notes
AstraZeneca in the US
The US is AstraZeneca's largest market and home to 19 R&D, manufacturing and commercial sites. We employ more than 18,000 people and support 92,000 jobs overall across the United States. In 2024 we contributed $5 billion directly to the economy and created approximately $20 billion worth of overall value for the American economy.
Today the US represents 42% of our Total Revenue with an ambition to reach 50% by 2030. This underscores the critical role the US plays in our ability to deliver on our ambition to launch 20 new medicines by the end of the decade.
AstraZeneca
AstraZeneca (Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca's innovative medicines are sold in more than 125 countries and used by millions of patients worldwide. Please visit astrazeneca.com and follow the Company on social media @AstraZeneca.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Solar panels that fit on your balcony or deck are gaining traction in the US
When Terrence Dwyer received a knock on his door and a flyer for a solar panel system small enough to fit on his deck, he was quickly sold. Solar systems that plug into regular wall outlets have been popular in Europe for years and are gaining traction in the U.S. for their affordability and simple installation. 'We thought absolutely, let's do this right away,' said Dwyer, who lives in Oakland, California. These small-scale solar systems could become attractive to more homeowners now that President Donald Trump's sweeping budget-and-policy package will scrap residential rooftop solar tax credits and may shift interest to cheaper alternatives. Even before the GOP bill passed, manufacturers of the smaller systems known as plug-in or balcony solar were seeing increased demand and other positive signs such as a new Utah law streamlining regulations for homeowners to buy and install them. The systems about the size of a door haven't been as widely adopted in the U.S. as in Europe because of lack of awareness, patchwork utility rules and limited availability. The $2,000 plug-in solar system installed on Dwyer's backyard deck in March consists of two 400 watt panels, an inverter, a smart meter and a circuit breaker. It saves him around $35 per month on his power bill because he is consuming less energy from the grid, but he said reducing his carbon footprint was his primary motivation. 'We like the environmental benefits of solar and wanted to engage with solar in some fashion,' Dwyer said. Had Dwyer opted for rooftop solar, he would have paid $20,000 for the system and $30,000 to upgrade his roof to support the panels. Installing a plug-in solar system requires some homework. What power companies let customers do with energy-generating equipment varies, which is why prospective purchasers should check their utility's policies first. Building permits might be required depending on the municipality. Some systems can be self-installed, while others may require an electrician. For example, some kits have meters that must be wired into a home's circuit breaker. Removing hurdles for plug-in solar Dwyer bought his system from Bright Saver, a nonprofit company in California that advocates for plug-in solar. In addition to the type Dwyer bought, the company also offers a smaller model costing $399 that recently sold out in six days. 'The interest and demand have been overwhelming,' said Cora Stryker, a founder of Bright Saver. 'It is clear that we are hitting a nerve — many Americans have wanted solar for a long time but have not had an option that is feasible and affordable for them until now.' Kevin Chou, another founder of Bright Saver, said wider adoption of the systems in the U.S. has been hindered by utility policies that create uncertainty about whether they're allowed and a lack of state and local policies to make clear what rules apply. Some utilities contacted by The Associated Press say plug-in solar systems require the same interconnection applications as rooftop panels that send electricity back to the wider network. But Steven Hegedus, an electrical engineering professor at University of Delaware, said he doesn't understand why a utility would need to require an interconnection agreement for plug-in solar because, unlike rooftop systems, they are designed to prevent energy from flowing to the grid. Still, if in doubt, a customer should follow their utility's policy. During the early days of plug-in solar's growth, some opposition from utilities is likely since customers are buying less energy, said Robert Cudd, a research analyst at the California Center for Sustainable Communities at the University of California, Los Angeles. 'Utilities really prefer everyone being a predictable and generous consumer of the electricity they sell,' Cudd said. This year, Utah enacted a novel law supporting plug-in solar by exempting certain small-scale systems from interconnection agreements and establishing safety requirements such as being certified by a nationally recognized testing organization such as Underwriters Laboratories. It appears to be the only state that's passed legislation supporting plug-in solar, according to the National Conference of State Legislatures. Republican state Rep. Raymond Ward, who sponsored the legislation, said the smaller systems allow people to better manage where their energy comes from and what they pay. 'Europe has these things. You can go buy them and they work and people want them. There is no reason why we shouldn't have them here in the United States,' Ward said. Bright Saver says they are lobbying other states for similar legislation. Alexis Abramson, dean of the University of Columbia Climate School, also applauded Utah's move. 'We actually need more localities, more states putting in allowances for this type of equipment,' she said. Plug-in solar availability and savings potential Some questions remain about how much customers could save. Severin Borenstein, a professor at the University of California, Berkeley's Haas School of Business, said the cost of some portable solar systems in the U.S. would make it hard for customers to come out ahead on their utility bills over the time they own them. He estimates the price of a $2,000 system in the U.S. works out to paying about $0.20 a kilowatt-hour over a 25-year period, which only saves people money if they have high utility costs. By comparison, Borenstein said the cost of systems sold in Europe, typically around $600, is equivalent to paying about $0.05 or $0.06 per kilowatt-hour over 25 years. Baltimore resident Craig Keenan said saving money was only part of why he installed one of the smaller Bright Saver models on his balcony in July. 'I'm interested in renewable energy because the amount of carbon emissions that we produce as a species is very, very unsustainable for our world,' he said. He said he expects the system will save him about $40 per year on utility bills, so it would take him about 10 years to recoup the cost of the kit. Keenan, a mechanical engineer, said installation took him 10 to 15 minutes. 'I think anyone can install this,' he said. 'It's not complicated. It doesn't require a technical degree.' Other companies selling plug-in solar kits include Texas-based Craftstrom. It has sold about 2,000 systems in the U.S. since 2021, mostly in California, Texas and Florida. The company's basic kits contain a solar panel that can fit in a backyard or other sunny space, along with equipment to maintain and regulate the flow of energy including an inverter and smart meter. Kenneth Hutchings, Craftstrom's chief revenue officer, said their U.S. sales rose this year even before the passage of the GOP tax bill, and he expects demand for plug-in solar to increase further as federal rooftop solar credits expire. The company advises customers to notify their power company before installation, but it has "never had any pushback from any utility,' said Michael Scherer, one of the founders of Craftstrom. China-based EcoFlow plans to begin selling plug-in solar systems in Utah and expand to other states if supportive legislation is passed, said Ryan Oliver, a company spokesperson. 'This is an example of where technology is sort of ahead of the regulators,' Oliver said, adding: 'As this rolls out to more of a nationwide product, we expect it will become more mainstream as people understand it better." ___ Associated Press video journalist Mingson Lau in Baltimore contributed to this report. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at Isabella O'malley, The Associated Press Connectez-vous pour accéder à votre portefeuille
Yahoo
21 minutes ago
- Yahoo
Syncora Guarantee Inc. Announces the Availability of Certain Financial Information
NEW YORK, August 15, 2025--(BUSINESS WIRE)--Syncora Guarantee Inc. ("Syncora Guarantee") today announced that certain financial information of Syncora Guarantee has been made available on Syncora Guarantee's website ( The information posted is Syncora Guarantee's Statutory Basis Financial Statements as of June 30, 2025. About Syncora Guarantee Inc. Syncora Guarantee Inc. is a New York-domiciled insurance company that is a wholly owned subsidiary of Syncora FinanceCo LLC. For additional information, please visit Important Information and Forward Looking Statements This press release contains statements about future results, plans and events that may constitute "forward-looking" statements. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Syncora Guarantee's control. Readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date they are made. Syncora Guarantee does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made. View source version on Contacts Ravind KaramsinghGeneral CounselSyncora Guarantee Inc.(212) 478-3411
Yahoo
21 minutes ago
- Yahoo
Sunday Swagger Announces Collaboration with Uncrustables® Brand
Performance golf and lifestyle apparel company teams up with iconic sandwich in new product drop YORBA LINDA, Calif., August 15, 2025--(BUSINESS WIRE)--Sunday Swagger, the performance golf and lifestyle apparel company that never sacrifices comfort for personality, today announced a new collaboration with beloved snack and lunchtime favorite Uncrustables Brand. Inspired by "The Best Part of the Sandwich®," the Sunday Swagger x Uncrustables Brand partnership intertwines the bold feel of Sunday Swagger with the fun and playful nature of Uncrustables. Starting today, customers will be able to snack on a new array of polos, t-shirts, golf towels and a hat that pay homage to the beloved classic. Crafted from a breathable, four-way stretch poly-spandex blend, these moisture-wicking, wrinkle-resistant polos provide UPF 40 sun protection—perfect to keep you cool and dry in summer heat. This new collection of tantalizing apparel features a color palette inspired by the delicious peanut butter and jelly Uncrustables. From vibrant swirls and the iconic gingham pattern to our new variation of the mascot with Swagger, this collection pays tribute to a true lunchtime icon. The new collection of polos will be available in men's, women's and youth sizing and are guaranteed to turn heads, spark conversation and may even stir up an appetite. This collaboration also features a white embroidered hat featuring Sunday Swagger's take on the Uncrustables Brand mascot, as well as a selection of golf towels, and crewneck shirt with the catchphrase "Snack, Swing, Repeat." "Whether you need a quick snack on the course, or are sitting at a lunch table with your friends, Uncrustables are the epitome of fun and fuel," said Sunday Swagger Founder Mark Carmona. "Our twist on the loveable mascot serves as a memorable graphic that repeats throughout the collection." Since its founding in 2019 by visionary entrepreneur Mark Carmona, Sunday Swagger has aimed to redefine and push the boundaries of golf fashion while attaining triple-digit growth each year. The company has created more than 300 distinctive and unique designs in men's, women's, and youth polos, t-shirts, hats and outerwear, and when a particular print sells out, Sunday Swagger quickly pivots to unveil new styles. Sunday Swagger's signature polos, including Splatter, Stylin', and The Gambler, have exploded over social media and have been seen on various celebrities. Sunday Swagger's loyalty membership community - The Sunday Club - provides members with exclusive access to new designs, free shipping, higher discounts, 10% cash back on purchases, and a free welcome gift ($20 annual fee). For more information and to order, visit and follow @sundayswagger on Instagram. The brand is now also available for affiliate programs via ShareASale and SkimLinks. This collaboration was brokered by Uncrustables licensing agency, Brand Central LLC. About Sunday Swagger Sunday Swagger is a vibrant apparel company that never sacrifices performance for personality. Existing to deliver a sense of confident style coupled with comfort and durability, Sunday Swagger crafts its products in its Southern California headquarters for aficionados of fun around the world. Its clothes are designed for maximum comfort with 4-way stretch, moisture-wicking, and breathable fabric guaranteed to turn heads and spark conversation. It's your Swagger. Embrace it. Own it. For more information, visit and follow @sundayswagger on social media. View source version on Contacts Media Contact:Samantha Chapman, samantha@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
