J&J to break ground on new biologics facility in North Carolina
New facility will support plans to advance J&J’s portfolio and pipeline of transformational medicines for cancer, immune-mediated and neurological diseases
New facility will support plans to advance J&J’s portfolio and pipeline of transformational medicines for cancer, immune-mediated and neurological diseases
This facility represents a significant step in Croda’s Pharma business strategy to ‘Empower biologics delivery’
Overall investment in the US facility is estimated around US$50 million
Company expects to begin building four more domestic manufacturing sites this year and add 13,000 high-wage manufacturing and construction jobs in America
700 new scientific and high-skilled jobs to be created in Greater Toronto Area, investing to execute more than 210 AstraZeneca global clinical studies
The project is set to attract significant manufacturing investments of approximately Rs. 10,500 crore and is also projected to create around 1 lakh direct and indirect jobs
India's bio economy has experienced remarkable growth, skyrocketing from $10 billion in 2014 to over $130 billion in 2024, with projections to reach $300 billion by 2030
The new facility significantly increases Siegfried’s R&D capacity to drive development excellence and further growth
This includes $2 billion of new investment creating more than a thousand new, high-skilled jobs
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