Hikma Pharmaceuticals USA announces $1 Billion of new US investment to further expand its domestic manufacturing and development of essential generic medicines
Next phase builds on 34+ years of serving the needs of US patients and healthcare providers
COLUMBUS, Ohio, June 28, 2025 /PRNewswire/ -- In its ongoing mission to help meet America's growing need for high-quality US-made medicines, Hikma Pharmaceuticals USA today announces it will invest $1 billion by 2030 to further expand its US manufacturing and R&D capabilities. This new phase of investment -- America Leans on Hikma: Quality Medicines Manufactured in the USA – will further expand Hikma's well-established domestic capabilities to develop, produce and deliver a broad range of medicines needed by the US healthcare system to treat patients nationwide.
Hikma has operated in the US since 1991 and has spent more than $4 billion over the past 15 years to build, enhance and expand its US-based R&D and manufacturing capabilities and now has annual domestic capacity to produce more than 12 billion finished doses of essential medicines. Over this period, Hikma has provided patients with access to a wide range of generic medicines at a lower cost than branded products. The company has an excellent record of US FDA quality inspections and has a successful record of working with FDA to solve critical drug shortages.
Elected officials including US Rep. Mike Carey (OH-15) and US Rep. Buddy Carter (GA-01) joined Hikma at a special groundbreaking event held at the Company's state-of-the-art pharmaceutical manufacturing and R&D facility in Columbus, Ohio.
America Leans on Hikma represents the Company's latest efforts to increase the volume of essential medicines it develops and produces across its R&D and manufacturing sites in Columbus and Cleveland, Ohio and in Cherry Hill and Dayton, New Jersey. This next phase of expansion will help to strengthen Hikma's portfolio of more than 800 medicines and increase the Company's US-based capacity to produce large volumes of high-quality and affordable medicines for American hospitals, providers and patients.
"We are proud to continue our ongoing investments in US manufacturing and R&D to better serve the needs of American patients," said Dr. Hafrun Fridriksdottir, President, Hikma Rx. "Hikma and our 2,300 dedicated US people are committed to supporting healthier communities nationwide by providing Americans with a steady and reliable supply of domestically produced quality medicines."
Dr. Bill Larkins, President, Hikma Injectables added, "Over the past 15 years Hikma has grown to become a top three US supplier of sterile injectable medicines by volume with more than 180 injectable products in our portfolio and a growing pipeline. This new phase of US investment will enhance and expand our sterile injectables production capabilities and enable us to continue providing our broad portfolio of essential medicines to US patients."
"As a pharmacist and Chairman of the American-Made Medicines Caucus, I understand the crucial role Hikma and other generic manufacturers play in delivering affordable and accessible medicines to Americans. It's important that we onshore the production of these critical drugs. I will continue working with Hikma to strengthen our national security and public health by making life-saving generic medications here, in America, and applaud them for their announcement today," said Rep. Buddy Carter.
"Hikma continues to invest in American workers and I am thrilled that they have chosen to continue that commitment here in Columbus. This development will support a critical industry and create more jobs for working families in central Ohio. Additional manufacturing capacity will increase Americans' access to high-quality, affordable medicines. I am proud to join Hikma here today to support their mission and the Ohioans they employ. I look forward to returning to see the new facility once it is complete," Rep. Carey said.
Hikma remains steadfast in its mission to provide affordable and accessible health care solutions. With this continued investment, Hikma reaffirms its commitment to ensuring a reliable supply of essential medications for all Americans.
Contacts :
Hikma Pharmaceuticals PLC
Investors
Susan Ringdal
EVP, Strategic Planning and Global Affairs
+44 (0)20 7399 2760/ +44 7776 477050
Media
Steven Weiss
US Communications
+1 732 788 8279
About Hikma(LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY) (rated BBB/stable S&P and BBB/stable Fitch)
Hikma helps put better health within reach every day for millions of people around the world. For more than 45 years, we've been creating high-quality medicines and making them accessible to the people who need them. Headquartered in the UK, we are a global company with a local presence across North America, the Middle East and North Africa (MENA) and Europe, and we use our unique insight and expertise to transform cutting-edge science into innovative solutions that transform people's lives. We're committed to our customers, and the people they care for, and by thinking creatively and acting practically, we provide them with a broad range of branded and non-branded generic medicines. Together, our 9,500 colleagues are helping to shape a healthier world that enriches all our communities. We are a leading licensing partner, and through our venture capital arm, are helping bring innovative health technologies to people around the world. For more information, please visit: www.hikma.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/hikma-pharmaceuticals-usa-announces-1-billion-of-new-us-investment-to-further-expand-its-domestic-manufacturing-and-development-of-essential-generic-medicines-302493824.html
SOURCE Hikma Pharmaceuticals USA Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
This Stock Is Up 55,000% Since Its IPO: Here's 1 Reason It Could Still Be a Smart Buy
O'Reilly Automotive is one of the top retailers in the auto parts space, where it benefits from durable tailwinds that support steady demand. Same-store sales increased by 2.9% in 2024, continuing an impressive 32-year growth streak. Management has continued to aggressively repurchase shares despite the stock's rising valuation. 10 stocks we like better than O'Reilly Automotive › History may not always repeat, but the past can serve as a guide. For investors, looking at previous market winners might help us identify stocks that could outperform from here. In that vein, consider a leading niche retailer that usually flies under the radar. As of this writing, this retailer's stock is up by more than 55,000% since its initial public offering in April 1993. In just the last five years, it's up by 213%. Yet even after those monster gains, there's one reason why it could still be a smart buy. The modern world is constantly being reshaped by the forces of cutting-edge technology -- cloud computing, AI, digital payments, and e-commerce to name just a few. And those technologies are providing serious tailwinds to many of the businesses connected to them. O'Reilly Automotive's (NASDAQ: ORLY) business doesn't fall into any of these high-tech buckets. However, one understated tailwind will continue to benefit this aftermarket auto parts retailer. A recent report released by S&P Global showed that the average age of vehicles on the road in the U.S. is now 12.8 years. This figure has climbed for eight straight years. While that secular trend may not be as exciting as the others mentioned, it will be a reliable boon for O'Reilly. It sells various products, including motor oil, air filters, brake pads, floor mats, and batteries, among many other things, to both do-it-yourselfers and professional mechanics. Aftermarket is the key thing investors should remember -- these are products that aren't usually made by the original car manufacturers. Consumers shop at O'Reilly to extend the lives of their vehicles. The greater the mileage is on a car, the more upkeep it will require. Natural wear and tear isn't hard to understand. But most car warranties expire after three to five years, after which whatever goes wrong is strictly the owner's problem. As cars stay on the road for more years and more miles, demand gets stronger for the stuff that O'Reilly sells. The macroeconomic environment is also helping the retailer. With interest rates on auto loans at some of their highest levels in the past decade and other material and labor costs up as well, buying a car is less affordable. This incentivizes people to spend money on repairing the vehicles they already own. These trends have shown up in O'Reilly's financial performance. In 2024, the company reported a same-store sales increase of 2.9%. That was its 32nd straight year of growth, which is unheard of for any retailer. This demonstrates the company's ability to thrive regardless of economic conditions. There's a lot to like about this company. Steady demand that propels revenue and earnings higher is undoubtedly one reason that O'Reilly should be on your investing radar. Management has also aggressively used its free cash flow to buy back stock. In the past five years, O'Reilly has reduced its outstanding share count by 24%. However, the valuation isn't cheap, and that's my main concern. Its current price-to-earnings ratio of 32.8 is 36% higher than its trailing 10-year average, so I'm waiting for this multiple to come down before I even consider adding O'Reilly to my portfolio. But given the company's impressive track record, other investors might have a different view. Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends S&P Global. The Motley Fool has a disclosure policy. This Stock Is Up 55,000% Since Its IPO: Here's 1 Reason It Could Still Be a Smart Buy was originally published by The Motley Fool
Yahoo
43 minutes ago
- Yahoo
Study: Nearly Half of Americans Don't Consider Insurance in Financial Planning — but Most Financial Advisors Disagree
When you're mapping out your financial plan, there are certain bedrock accounts and products you likely always consider. You've got to have that emergency savings fund, preferably in a high-yield savings account. And retirement accounts — no financial plan is complete without them. You take advantage of your 401(k) employer match and contribute to a Roth IRA, too. Oh, and life insurance. You need a life insurance package as part of any quality financial plan. For You: Check Out: Wait, what? If that last bit came as a 'record scratch' moment of confusion for you, you'd hardly be alone. In a survey conducted by GOBankingRates and New York Life that focused on Americans' attitudes and approaches toward personal finance, the team found that a substantial number of respondents didn't consider insurance essential to their own financial planning — much to the consternation of financial advisors. These experts disagree with the more laissez-faire approach that too many people take toward putting life insurance in their financial plan — indeed, they say it's a core part of any good plan. On a scale of 1-10, respondents were asked to rank how intensely they prioritized insurance in their personal plans based on how much they identified with the statement 'Insurance (e.g., life, disability) is a necessary component of any financial plan' at number one — down to 'Insurance (e.g., life, disability) is not connected to my overall financial plan' at 10. Only 23.5% of overall respondents agreed as strongly as possible that insurance was a necessary component of any financial plan, with 12.6% saying that it doesn't factor into their financial plans. Splitting the difference at number 5, 12.1% of respondents suggested that they kinda-sorta knew they should prioritize it. Why are the numbers of people who understand the importance of life insurance so relatively low? For You: Melissa Murphy Pavone, founder of Mindful Financial Partners, has a theory — that people are conditioned to think they get enough coverage at work. While acknowledging that these plans can be a great start, she said they generally don't offer enough coverage. Pavone explains to her clients that employer-provided life insurance usually provides only one to two times their salary, which likely won't cover their family's full financial needs. She's quick to add that coverage can change if you switch jobs, or if an illness or injury keeps you from working. 'I frame it this way: Your family's financial security shouldn't be tied to your employment status,' she said. 'I highly suggest a separately owned policy. And it's important to review and update it as your life changes.' One notable finding from the survey is how consistently lukewarm respondents across age groups were about prioritizing life insurance. While you might expect people over 65 to score it higher, only 26.9% ranked it as essential — not far ahead of the youngest group, the 18- to 24-year-olds, at 23.9%. Interestingly, the 25-to-34 group lagged behind both, with just 17.6% rating insurance as a necessary part of a financial plan. Of course, people over 65 are less likely to need life insurance than younger adults with families to support — but that only makes the low prioritization among younger respondents more concerning. Those who are still in their working years and failing to consider life insurance in their financial planning are missing out on the opportunity to take a stronger hand in designing their family's financial future — and gain some much-needed peace of mind in the process. According to Chad Gammon, CFP, owner of Custom Fit Financial, protecting future generations is key to any good financial plan. With adequate life insurance, you'll ensure that your family won't be burdened by debts while maintaining their cost of living. You can also use life insurance to set up your children for success down the line by ensuring that their college funds won't be impacted. Life insurance can also make a difference in your surviving spouse or partner being able to retire without having to dip into their own funds to make ends meet. For Gideon Alper, founder and family planning attorney at Alper Law, life insurance should be treated as a personal asset — not some add-on perk. 'In a well-structured financial plan, it does three things: replaces lost income, protects against long-term liabilities like mortgages or education costs, and ensures your estate passes cleanly — without leaving your family scrambling,' he said. Part of why Gammon and other advisors emphasize insurance is because financial plans are rarely one-size-fits-all. There are different types of life insurance to suit different needs. 'First, I typically look at term life insurance,' he said. 'This is cost effective for a specific period (like 20-30 years). Later in your life, you may not need life insurance.' As Alper assists his own clients in finding the right policy, he advises them to look beyond the payout number alone. There are some core questions he invites them to consider: 'What's the term? Are there living benefits? Can you convert it later if your health changes? For parents especially, the goal isn't just to 'have life insurance' — it's to make sure their children's futures aren't financially derailed if something happens.'GOBankingRates and New York Life Insurance surveyed 1,009 Americans aged 18 and older from across the country between March 19 and March 25, 2025, asking twenty-one different questions: (1) What is your current employment status?; (2) Which of the following category or categories best describes your race or ethnicity? (If more than one category applies, please select all that apply); (3) What are the source(s) of income for your household? (Please select all that apply); (4) Please choose the approximate level of investible assets for your household; (5) Using the scale below, how do you feel about the following statement: 'I often take the opportunity to discuss my knowledge of financial products or services with others'; (6) Using the scale below, how do you feel about the following statement: 'I regularly read financial news or financial publications'; (7) Using the scale below, how do you feel about the following statement: 'Thinking about my future sometimes keeps me up at night'; (8) Using the scale below, how do you feel about the following statement: 'I have enough money to live the way I would like to'; (9) Using the scale below, how do you feel about the following statement: 'I believe that The American dream is within reach for people like me'; (10) Using the scale below, how do you feel about the following statement: 'Stories in the media sometimes make me nervous about my financial future'; (11) Using the scale below, how do you feel about the following statement: 'I can't really take risks in my life because I don't have a safety net if things go wrong'; (12) Thinking about the nation's economy, how would you rate economic conditions today?; (13) A year from now, do you think that during the next twelve months we'll have good times financially, or bad times, or what?; (14) Compared to 6 months ago, how has your level of uncertainty changed regarding the following societal and economic issues?; (15) Do you own any of the following products? (Please select all that apply); (16) Do you currently have a financial plan?; (17) On a 1 to 10 scale, where 1 means not at all confident and 10 means completely confident, how confident are you that you will meet your financial goals?; (18) What kind of financial professional have you worked with? (Please select all that apply); (19) Using the slider below, please indicate which statement best describes you.; (20) Using the slider below, please indicate which statement best describes you.; and (21) Using the slider below, please indicate which statement best describes you. In order to take the survey the respondents had to pass two screener questions (S1)Who is the primary financial decision-maker in your household? with the answer being they were at least involved in the households financial decision making and (S2) Which range best describes your total annual household income before taxes? with an answer above $50K. GOBankingRates used PureSpectrum's survey platform to conduct the poll. More From GOBankingRates 5 Steps to Take if You Want To Create Generational Wealth 4 Things Your Neighbor Who Retired Early Won't Tell You About Their Financial Plan 4 Things You Should Do if You Want To Retire Early I'm a Certified Financial Planner: 3 Wealth-Transfer Tips I Tell My High-Income Clients This article originally appeared on Study: Nearly Half of Americans Don't Consider Insurance in Financial Planning — but Most Financial Advisors Disagree
Yahoo
an hour ago
- Yahoo
New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started
Investing is one of the common paths to long-term wealth, but it can feel complex if you are just getting started. Luckily, financial guru Vincent Chan recently revealed the simplest way to get started. Not only is it easy to start investing based on Chan's advice, but his strategy has a proven track record of multiplying your money in the long run. The Easiest Things To Invest In Are Low-Cost Index Funds' Chan explained in the video. It sounds basic, but that doesn't make it a bad suggestion. Here's why index funds remain one of the most popular ways for people to invest. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Index funds offer investors exposure to a basket of companies. Some index funds contain a few dozen companies, while other index funds contain hundreds of publicly traded corporations. A couple of index funds even have well over 1,000 stocks, offering broad exposure to the market. You don't have to get the most diversified index fund to get good results. Some funds with 100 stocks perform better than funds with 500 stocks. The main strength of index funds is that they enable automatic portfolio diversification and streamline investing. You don't have to research a bunch of stocks, know what to look for in a good stock or follow the news every day. A portfolio manager can do all of those things for you as your money grows in an index fund. You can accumulate index funds in any investment account that lets you trade stocks. However, Chan suggests giving preference to tax-advantaged accounts like your 401(k), HSA, and Roth IRA when you make investments. These accounts let you reduce your tax bill as you grow your investments. Traditional retirement accounts let you reduce your taxes right now, while you won't have to pay any taxes on withdrawals from your Roth IRA. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Chan suggests investing any remaining money into a brokerage account once you have maxed out your tax-advantaged accounts. Investors should also monitor any changes the IRS makes to the maximum amount they can contribute to retirement accounts. You also get to make catch-up contributions to your retirement accounts the moment you turn 50. Chan recommends looking for index funds that have low expense ratios. This ratio reflects the cost of holding the fund and having an investment firm manage it on your behalf. Passively managed ETFs that mirror benchmarks like the S&P 500 typically have low expense ratios. It's realistic to find passively managed ETFs that have expense ratios below 0.10%. Investors can further explore index funds by analyzing their total returns. You can look at how much a fund has returned over the past five and ten years to gauge if it's consistent or volatile. It's also good to look at a fund's asset allocation to see if most of the stocks are in the tech sector or another industry. Some investors also look at a fund's yield to see how much cash flow they will receive just by holding on to shares. While most investors shouldn't prioritize a fund based on its yield, receiving passive income from investments becomes more valuable as you get closer to retirement. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
