LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Amgen to invest $600 million in new research and development facility in California 

Robert Frost by Robert Frost
September 2, 2025
in Industries
Amgen to invest 0 million in new research and development facility in California 
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Building rendering of a new, state-of-the-art science and innovation center at Amgen’s global headquarters in Thousand Oaks, California.

Courtesy: Amgen

Amgen on Tuesday said it will spend more than $600 million to build a new research and development facility at its headquarters in Thousand Oaks, California, the latest in a string of new U.S. investments by the pharmaceutical industry. 

Drugmakers have been scrambling to boost their presence in the U.S. as President Donald Trump threatens to clamp down on the industry with tariffs on pharmaceuticals imported into the country. Trump has said those levies will incentivize companies to re-shore production at a time when domestic drug manufacturing has shrunk dramatically over the past decade. 

In a release, Amgen said construction of the facility will begin in the third quarter of this year and will create hundreds of U.S. jobs. 

Notably, the facility is not a manufacturing plant, but it will allow researchers, engineers and scientists to collaborate on finding next-generation drugs for patients with “the most serious diseases,” according to the company. Amgen said the building features “advanced automation and digital capabilities,” which will give scientists the necessary tools for that research and development. 

“At Amgen, we’re continuing to invest in the future of American science and innovation,” CEO Bob Bradway said in the release. “The center will empower our scientists with the tools and collaborative environment they need to shape the next era of scientific discovery and advance medicines that improve human health.”

Amgen said that since the passage of the Tax Cuts and Jobs Act of 2017, it has invested almost $5 billion in direct U.S. capital expenditures. In April, the company announced a $900 million expansion of its Ohio biotech manufacturing facility. In December, the drugmaker announced it would spend $1 billion to build a second drug substance plant in Holly Springs, North Carolina.

Those investments come after the U.S. Food and Drug Administration in August launched a program that aims to make it easier for companies to set up new drug manufacturing plants in the U.S. The White House estimates it can currently take five to 10 years to build new manufacturing capacity for pharmaceuticals, which it previously called “unacceptable from a national-security standpoint.”

Don’t miss these insights from CNBC PRO



Source link

You might also like

Updated ZEEKR 007 gets 900V system, better ADAS, Q2 release date

Elon Musk says Tesla ‘almost done’ with AI5 design, 6 months after saying it was ‘finished’

Mercedes is offering a secret G-Wagen rebate worth up to $10,000

Share30Tweet19
Previous Post

Rarible bets on token buybacks to outlast NFT farming hype

Next Post

There’s a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Updated ZEEKR 007 gets 900V system, better ADAS, Q2 release date
Industries

Updated ZEEKR 007 gets 900V system, better ADAS, Q2 release date

January 17, 2026
Elon Musk says Tesla ‘almost done’ with AI5 design, 6 months after saying it was ‘finished’
Industries

Elon Musk says Tesla ‘almost done’ with AI5 design, 6 months after saying it was ‘finished’

January 17, 2026
Mercedes is offering a secret G-Wagen rebate worth up to ,000
Industries

Mercedes is offering a secret G-Wagen rebate worth up to $10,000

January 17, 2026
All the EVs you can buy with 0% financing in January 2026 [update]
Industries

All the EVs you can buy with 0% financing in January 2026 [update]

January 17, 2026
Next Post
There’s a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say

There's a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say

Related News

California governor signs laws establishing safeguards over AI chatbots

California governor signs laws establishing safeguards over AI chatbots

October 13, 2025
Signature Properties acquires Southampton office scheme for £11m | Property Week

Signature Properties acquires Southampton office scheme for £11m | Property Week

May 12, 2025
Bank of America doubles down on its buy rating for this under-the-radar A.I. play

Bank of America doubles down on its buy rating for this under-the-radar A.I. play

April 6, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?