Regeneron to invest over $3 billion to boost US manufacturing

Reuters
04-22
UPDATE 2-Regeneron to invest over $3 billion to boost US manufacturing

Adds details on deal in paragraph 5

April 22 (Reuters) - Regeneron Pharmaceuticals REGN.O said on Tuesday it has signed a deal worth more than $3 billion with contract drug developer Fujifilm Diosynth, potentially doubling its U.S. manufacturing capacity and bringing its total investments in the country to over $7 billion.

Major U.S. drugmakers, including Eli Lilly LLY.N and Johnson & Johnson JNJ.N, have recently announced additional investments in their U.S. production as they prepare to deal with potential drug import duties from President Donald Trump's administration.

Last week, the U.S. opened a national security investigation into pharmaceutical companies to show why the country needs tariffs to boost domestic manufacturing. Rates and timing remain uncertain, but the industry has been lobbying for phased-in tariffs.

Under the terms of the deal, Tokyo-based Fujifilm Diosynth's facility in Holly Springs, North Carolina will manufacture and supply drug products for Regeneron's biologic medicines for a span of 10 years. The facility is expected to be operational later this year.

Regeneron is also expanding its Tarrytown, New York-based facility and building a separate facility in the state to expand capacity to fill injection pens - a process known as fill-finish.

Its ongoing and planned investments in New York and North Carolina are expected to exceed $7 billion, Regeneron said, adding that it has added more than 7,000 jobs in the United States over the last five years.

(Reporting by Mariam Sunny in Bengaluru; Editing by Shreya Biswas and Shinjini Ganguli)

((Mariam.ESunny@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10