
Germany’s Bayer (BAYN: DE) announced on Friday that it plans to invest $2.2 bill in a new pharmaceutical manufacturing site in New Albany, Ohio, USA, adding to the string of major drugmakers announcing multibillion-dollar US projects in recent months.
Building on more than seven billion dollars in US pharma R&D and manufacturing spend over the past five years, the project is a central element of Bayer’s long-term growth strategy and commitment to innovation and patient access in its largest pharmaceuticals market.
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