AstraZeneca unveils USD2 billion manufacturing investment in Maryland

(Alliance News) - AstraZeneca PLC on Friday announced plans to invest USD2 billion to expand its long-standing manufacturing footprint in Maryland.

The Cambridge, England-based pharmaceuticals company said this includes a significant expansion of its flagship biologics manufacturing facility in Frederick and construction of a new state-of-the-art facility in Gaithersburg for the development and clinical supply of innovative molecules to be used in clinical trials.

Friday's announcement is part of AstraZeneca’s USD50 billion investment announced in July and follows a series of US commitments over the past six months, including unveiling a new cell therapy manufacturing facility in Rockville, Maryland, a new drug substance manufacturing facility in Virginia and the expansion of the Company's existing manufacturing facility in Coppell, Texas.

Shares in AstraZeneca closed up 0.6% at 13,734.00 pence each in London on Friday.

By Jeremy Cutler, Alliance News reporter

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