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- AstraZeneca plc (NASDAQ:AZN) will invest $360 million to develop a manufacturing facility in Ireland to produce active pharmaceutical ingredients (APIs).
- The planned investment at the Alexion Campus in College Park, Dublin, is expected to create about 100 highly skilled direct jobs.
- "The future manufacturing of APIs for our medicines includes compounds with highly complex synthesis ... This significant investment will ensure the AstraZeneca supply network is fit for the future," said Pam Cheng, head of AstraZeneca's operations and IT.
- The planned investment in Dublin is expected to support late-stage development and early commercial supply.
- AstraZeneca said that the site could be developed further to add treatments such as antibody-drug conjugates and oligonucleotides.
- Read Next: AstraZeneca's Enhertu Posts Substantial Clinical Benefit Over Roche's Kadcyla In Breast Cancer Trials.
- Price Action: AZN stock is up 0.68% at $58.90 during the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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