Are they fans of Trump or what?
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Are they fans of Trump or what?
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Are they fans of Trump or what?
Much of it seems to be regular upkeep of existing facilities. They're the 3rd largest pharma company in the world, so they have a sizeable presence almost everywhere already. This seems just like PR for things that have likely been planned long before now.
From Roche's Press Release:
As part of this investment, Roche will increase its existing footprint of more than 25,000 employees in 24 sites across eight US states. The investment will include:
-Expanded and upgraded US manufacturing and distribution capabilities for its innovative medicines and diagnostics portfolio in Kentucky, Indiana, New Jersey, Oregon and California
-A state-of-the-art gene therapy manufacturing facility in Pennsylvania
-A new 900,000 square foot manufacturing centre to support Roche’s expanding portfolio of next generation weight loss medicines (location to be announced)
-A new manufacturing facility for continuous glucose monitoring in Indiana
-A new R&D centre in Massachusetts, conducting cutting-edge artificial intelligence (AI) research and serving as hub for our new cardiovascular, renal and metabolism research and development efforts
-Significant expansion and upgrading of our existing pharmaceuticals and diagnostics R&D centres in Arizona, Indiana and California
Roche is a Swiss company with a strong heritage in more than 130 countries globally.
We are proud of our 110 year legacy in the United States.