AstraZeneca remembers roots with $135 million Swedish spend
Anglo-Swedish pharma major AstraZeneca (LSE: AZN) is making a new $135 million investment in its biologics facility in Södertälje, Sweden.
This constitutes the largest single investment in the facility since the 2021 opening of the Sweden Biomanufacturing Center, which lies in the town, a few miles from capital Stockholm.
The company has stressed that this project will create new job opportunities and underline the company's commitment to economic growth and job creation in the region. It also reflects the importance attached to biologics in AstraZeneca's R&D activities as it seeks to develop medicines for the future.
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