Swiss pharmaceutical giant Roche announced on Tuesday that it will invest more than $50 billion in the US over the next five years.
The US is a key market for the pharmaceutical industry, accounting for more than half of AFP revenue from Roche’s Pharmaceutical Division Report.
Swiss competitor Novartis announced earlier this month that it plans to invest $23 billion in the US over five years.
As part of this investment, Basel-based Roche will increase the existing footprint of more than 25,000 employees across 24 sites in eight US states.
company detail Investments include:
- Expanded and upgraded US manufacturing and distribution capabilities for innovative pharmaceuticals and diagnostic portfolios in Kentucky, Indiana, New Jersey, Oregon and California
- Pennsylvania’s state-of-the-art gene therapy facility
- A new 900,000-square-foot manufacturing center to support Roche’s expanding portfolio of next-generation weight loss drugs (where it will be announced)
- New manufacturing facility for continuous glucose monitoring in Indiana
- Massachusetts’ new R&D center, conducts cutting-edge artificial intelligence (AI) research and serves as a hub for new cardiovascular, kidney and metabolism research and development activities
- Significant expansion and upgrade of existing drug and diagnostic R&D centers in Arizona, Indiana and California
“The investment announced today underscores our longstanding commitment to research, development and manufacturing in the United States,” said Thomas Cinecker, CEO of the Roche Group.
“Our investment of $50 billion over the next five years will lay the foundation for the next era of innovation and growth, benefiting patients in the US and around the world.”
Related: Trump – Our tariffs put America in the driver’s seat
As reported by Breitbart News, these major drug investments are the latest in influx into the US since Trump took office and began warning and imposing his tariff policies.
Stargate, a joint project between Openai, Oracle and Softbank, has pledged to invest $500 billion in the US, and Apple has announced that it has invested $500 billion in the US.
