Switzerland’s Novartis to expand production in US

Switzerland’s Novartis to expand production in US

The pharma giant plans to increase manufacturing as part of a US$23 billion effort to reduce US government pressure.

novartis
Novartis’ strategic investment aimed to ensure all key medicines for US patients were manufactured in the US and delivered nationwide at scale. (EPA Images pic)
GENEVA:
Swiss drugs giant Novartis on Wednesday announced that it will expand its manufacturing activities in North Carolina, as it seeks to increase US production to stave off pressure from the US government.

“The strategic investment is a major step to ensure all key Novartis medicines for US patients are manufactured in the US and delivered to patients across the country at scale,” it said in a statement, adding that it expects to directly create 700 jobs and 3,000 indirect ones.

The group did not put a dollar amount on the investment but said the project is part of its US$23 billion programme announced in April to increase production capacity in the United States.

Pharmaceutical companies are under massive pressure from the administration of US President Donald Trump to move their production to the United States, or face tariffs.

“This announcement is a commitment to American innovation and to the patients we serve,” said Vas Narasimhan, CEO of Novartis.

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