Roche's Genentech more than doubles investment in North Carolina facility to about $2 billion


Swiss drugmaker Roche's logo is seen at their headquarters in Basel, Switzerland January 28, 2016. REUTERS/Arnd Wiegmann

Jan 20 (Reuters) - Roche's ‌Genentech said on Tuesday it ‌will more than double its initial ‌investment in a biomanufacturing facility in North Carolina to about $2 billion, as the companies look ‍to further boost their $50 ‍billion investment in ‌the U.S.

The facility, based in Holly Springs, ‍North ​Carolina is set to be operational by 2029 and will ⁠produce next-generation treatments for metabolic conditions, ‌such as obesity.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

US activists work to connect Iranians via Starlink
New on the iPhone: Shazam songs even when offline with iOS 26.4
First Robot: Melania Trump brings droid to White House event
Why AI means animal testing is not always needed to trial new medicines
Day of reckoning arrives for social media after US court loss
Teens get probation after using AI to create fake nudes of classmates
Revolut to base 40% of its global workforce in India by 2026
Apple rolls out age checks for UK users
Munich Re: AI making cyber attacks costlier and more effective
Nanya Technology shares surge 10% after $2.5 billion fundraising

Others Also Read