Overview
- The $50 billion commitment supplements a prior $3.5 billion U.S. pledge announced in late 2024, bringing total planned American investment to $53.5 billion.
- CEO Pascal Soriot unveiled the plan in Washington alongside Virginia Governor Glenn Youngkin, projecting tens of thousands of new jobs.
- The move addresses President Trump’s warnings of tariffs on imported pharmaceuticals and follows a Commerce Department investigation into drug imports.
- AstraZeneca currently employs around 18,000 people in the U.S. and aims for half of its $80 billion revenue target by 2030 to come from the American market.
- After canceling a €520 million U.K. vaccine plant earlier this year and weighing a potential listing shift from London to New York, AstraZeneca is focusing capital deployment in the U.S.