AstraZeneca vows to spend US$50bil on US manufacturing boost


The announcement comes as European drug companies rush to highlight their US investments with the aim of mitigating the impact of tariffs from President Donald Trump. — Bloomberg

LONDON: AstraZeneca Plc plans to invest US$50bil in the United States before 2030, becoming the latest European pharma company to ratchet up spending in the country ahead of potential tariffs on imported medicines.

The investment will go towards manufacturing as well as research and development, Astra said in a statement.

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