MSD INITIATES CONSTRUCTION ON $3BN VIRGINIA DRUG MANUFACTURING SITE
https://media.zenfs.com/en/pharmaceutical_technology_376/9d357175e41adbbdd2c0146876c78a04
✍️ Merck & Co (MSD) breaks ground on a new $3bn pharmaceutical manufacturing Centre of Excellence in Virginia, US, amid looming tariff threats from the Trump administration.
👉 MSD breaks ground on a new $3bn pharmaceutical manufacturing Centre of Excellence in Virginia, US 👉 The Centre of Excellence will test and manufacture small molecule APIs and drug products 👉 MSD invests $3bn in the Centre of Excellence, part of its plan to expand its US R&D and manufacturing footprint 👉 MSD aims to create 8,000 jobs during construction and 500 full-time roles once operational 👉 MSD plans to slash $3bn in operational costs by 2027 and has axed its $1bn UK expansion plans
-- #GlennYoungkin #PascalSoriot #Virginia #Elkton #Delaware #NorthCarolina #NewJersey #Rahway #Charlottesville #GoochlandCounty #UK #business
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