Pharmaceutical giant Roche to invest $50 billion in U.S.
On Tuesday, Swiss pharmaceutical giant Roche said it would invest $50 billion in the United States in the next five years.
The chief executive of the pharmaceutical giant, Thomas Schinecker, disclosed this on Tuesday.
Mr Schinecker said that the commitment includes new state-of-the-art research and development sites and new and expanded manufacturing facilities in Indiana, Pennsylvania, Massachusetts and California.
He also said that the investments were expected to create more than 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 jobs at new and expanded facilities.
He explained that the added capacity would allow the company to export more medicines from the U.S. than it imports.
”The investments underscore our long-standing commitment to research, development and manufacturing in the U.S.,” Mr Schinecker said.
Roche is a Swiss company with a strong heritage in more than 130 countries globally.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Anti-Terrorism: U.S AFRICOM, Morocco to establish tech-driven training, experimentation centre in Africa
Mr Anderson said the centre would increase readiness and advance capabilities of both nations.
Sport
Argentina stun England to set up World Cup final clash with Spain
Spain defeated France 2-0 at the Dallas Stadium on Tuesday to qualify for the final.
NationWide
FG enhances international recognition of Nigerian passports
Mr Akinlabi said the milestone was achieved on July 13.
Heading 3
FG, states, LGs shared N2.550 trillion June revenue: FAAC
Mr Mokwa said the revenue was shared at the July meeting of the committee.
Heading 2
14-year-old boy charged with terror offences targeting London mosques
The boy was arrested on 9 July on suspicion of criminal damage to a vehicle.
States
Delta content creator arrested after alleged rape victim dies by suicide
According to the victim, Mr Ogbonna initially demanded sex in exchange for financial help.
