Adding to the list of pharma majors starting or expanding production in the USA, Swiss pharma giant Roche (ROG: SIX) today announced that it will invest $50 billion into America in the next five years.
These investments further strengthen Roche’s already significant US footprint with 13 manufacturing and 15 R&D sites across the Pharmaceutical and Diagnostics Divisions, and are expected to create more than 12,000 new jobs, including nearly 6,500 construction jobs, as well as 1,000 jobs at new and expanded facilities.
As President Donald Trump has repeatedly threatened to subject pharmaceuticals to high tariff rates to encourage investment in the USA, apart from American big pharma expanding manufacturing, Swiss giant Novartis (NOVN: VX) last month announced a planned $23 billion investment over five years in US-based infrastructure, ensuring all key Novartis medicines for US patients will be made in the USA.
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