Amgen Plans $1 Billion North Carolina Manufacturing Plant

Dow Jones

Dec 05, 2024

By Colin Kellaher

Amgen on Thursday unveiled plans to spend $1 billion on a second drug-substance manufacturing plant in Holly Springs, N.C., boosting its total planned investment in the town to more than $1.5 billion.

The Thousand Oaks, Calif., biotechnology company, which in 2022 broke ground on a $550 million manufacturing plant in Holly Springs, said its investments will create 370 new jobs in the region.

Amgen said the expansion is part of efforts to meet growing demand for its therapies.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 05, 2024 09:31 ET (14:31 GMT)

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