AstraZeneca Announces $50B US Investment Amid Pharma Tariff Threat
The British-Swedish pharmaceutical firm said the plan includes building a new manufacturing facility in Virginiaits largest single capital outlay in 26 yearsand expanding operations across Maryland, Massachusetts, California, Indiana, and Texas. The spending will also support AstraZeneca's U.S. clinical trial supply network and development of weight-loss and cardiovascular drugs.
CEO Pascal Soriot unveiled the plan in Washington, calling for other countries to pay more for drugs to balance global research funding. The United States cannot build or carry the cost of R&D for the entire world, he said.
The company aims to reach $80 billion in annual revenue by 2030, with half of that coming from the U.S., which already accounted for over 40% of sales in 2024. The move follows similar announcements from Roche (ROG, Financials), Eli Lilly (LLY, Financials), Johnson & Johnson (JNJ, Financials), Novartis (NOVN, Financials), and Sanofi (SASY, Financials).
Commerce Secretary Howard Lutnick said the plan aligns with Trump's push to reduce reliance on foreign-made drugs. Our nation's new tariff policies are focused on ending this structural weakness, he said in a statement released by the company.
AstraZeneca said the investment could add tens of thousands of new jobs. The company employs around 18,000 people in the U.S. and 90,000 globally. The pledge builds on $3.5 billion in investments announced last year and comes as the company evaluates a possible shift in its stock listing from London to New York.
This article first appeared on GuruFocus.
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