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Investing.com -- Roche Group, the Swiss multinational healthcare company, announced on Monday that it has plans to invest over $700 million in a new drug manufacturing facility. This facility will be located in Holly Springs, North Carolina and will support Roche and its unit Genentech’s future portfolio of next-generation obesity medicines.
Roche mentioned in a statement that this initial investment could potentially expand in the future, depending on business needs and the U.S. policy environment. The new facility is expected to create more than 400 manufacturing jobs once it becomes operational.
This announcement follows Roche’s statement in April where they committed to invest $50 billion in the United States over the next five years. This investment is expected to create more than 12,000 new jobs. It is part of a larger trend of substantial investments by companies in response to President Donald Trump’s tariff policy.
In related news, President Trump plans to sign an executive order on prescription drug pricing on Monday. This order aims to align the United States with what other countries pay for prescription drugs, a move that, according to President Trump’s social media posts, would result in a 59% price reduction.
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