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Stock impact report

AstraZeneca plans major $3.5bn expansion drive in the US [Yahoo! Finance]

AstraZeneca PLC - American Depositary Shares (AZN) 
Last astrazeneca plc - american depositary shares earnings: 2/5 04:00 pm Check Earnings Report
US:NYSE Investor Relations: astrazeneca.com/investor-relations.html
Company Research Source: Yahoo! Finance
As a part of this expansion drive, $2bn will be invested in creating more than 1,000 new jobs. The company will build a new research and development centre in Kendall Square, Cambridge, Massachusetts, a new biologics manufacturing facility in Maryland and expand specialty manufacturing in Texas. Additionally, it will also increase its cell therapy manufacturing capacity on the West and East Coasts. Pascal Soriot, CEO of AstraZeneca, highlighted the US's "attractive business environment" coupled with the "quality of talent and innovation capabilities" as important factors in making such a large investment there. “By expanding our R&D and manufacturing footprint, we aim to enhance the development of cutting-edge therapies and support the United States leadership in healthcare innovation,” he added. These investments are part of the company's goal to achieve $80bn in total revenue by 2030 . The US represents the largest market for the company, generating 44% of its revenue as pe Show less Read more
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