Biogen's $2 Billion Investment in US Manufacturing Amid Potential Drug Tariffs

Biogen beefs up North Carolina manufacturing ahead of potential drug tariff storm

July 21 (Reuters) - Biogen (BIIB.O), opens new tab will invest $2 billion more in its existing manufacturing plants in North Carolina, the drugmaker said on Monday, as it seeks to expand in the U.S. amid President Donald Trump's tariff threats. Biogen joins major drugmakers such as Eli  Lilly(LLY.N), opens new tab, Roche (ROG.S), opens new tab and Merck, who have all announced investments in the U.S. as the industry braces for potential import levies. Drugs have so far been exempt from Trump's reciprocal tariffs, but he has often argued that separate levies are needed to bolster domestic manufacturing and avoid relying on other countries for medicine supply. Earlier this month, Trump said the tariffs may be delayed, but could be as high as 200%. On Monday, Biogen said it will invest in North Carolina's Research Triangle Park (RTP), the home of its largest manufacturing plants that produce key therapies for multiple sclerosis and Alzheimer's. The investments will expand Biogen's ability to develop and produce certain gene-targeting therapies, and add fill‑finish facilities, automation and artificial intelligence, the company said. The drugmaker has invested about $10 billion in its North Carolina manufacturing to date. It has seven factories in the state with an eighth expected to start working in the second half of 2025. Reporting by Christy Santhosh in Bengaluru; Editing by Sahal Muhammed Our Standards: The Thomson Reuters Trust Principles., opens new tab

Biogen Bets Big On $2 Billion Expansion To Boost US Drug Manufacturing - Biogen (NASDAQ:BIIB)

Biogen Inc. BIIB said on Monday that it plans to invest an additional $2 billion in its existing manufacturing footprint in North Carolina's Research Triangle Park (RTP). Biogen has invested approximately $10 billion in its North Carolina manufacturing footprint to date, including more than $3 billion in recent years, and this upcoming investment will fuel the continued advancement of Biogen's late-stage clinical pipeline. In the next few years, Biogen plans to continue investing in multiple modalities and factories across the company's two campuses in RTP. These investments will include further expanding the antisense oligonucleotide (ASO) capabilities and infrastructure, establishing clinical and commercial multi-platform fill finish capabilities, and modernizing manufacturing technologies and controls through further advanced automation and artificial intelligence. Also Read: Biogen-Ionis Partnered Drug Shows Benefit In Children With Spinal Muscular Atrophy Previously Treated With Novartis' Zolgensma "Our manufacturing footprint in the United States has played a critical role in Biogen's history and success and in advancing the treatments ... With this investment, we will modernize and expand our manufacturing capability to enable our pipeline and provide resilient patient supply...," said Nicole Murphy, head of pharmaceutical operations and technology at Biogen. North Carolina's RTP is home to Biogen's largest manufacturing footprint. As the state's largest biotechnology employer and one of the top five biopharmaceutical employers, Biogen employs over 1,500 manufacturing and technical employees and more than 400 skilled contractors across its Wake County and Durham County campuses. More than 90% of commercial medicines produced by Biogen have manufacturing and quality control testing in the U.S. Earlier in May, U.S. President Donald Trump's signed an executive order to promote prescription drug manufacturing in the U.S., streamlining the path for companies to build new production sites as potential tariffs on imported medicines loom. The White House wants facilities to come on board at a faster rate. It estimates that it can currently take five to 10 years to build new pharmaceutical manufacturing capacity, which it calls "unacceptable from a national-security standpoint." Amid tariff uncertainty, many drug companies are investing to boost production within the U.S.: Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get Started Eli Lilly And Co doubled domestic medicine production. Thermo Fisher Scientific Inc. announced it would invest an additional $2 billion in the U.S. over the next four years. Medtech firm Becton, Dickinson, and Company also announced its intention to invest $2.5 billion in U.S. manufacturing capacity over the next five years. Regeneron Pharmaceuticals, Inc. seeks to nearly double its manufacturing capacity through a new agreement with FUJIFILM Diosynth Biotechnologies. Novartis AG unveiled a $23 billion investment plan to expand in the U.S. over the next five years. Johnson & Johnson plans to invest more than $55 billion in the U.S. over the next four years. Roche Holdings AG announced that it will invest $50 billion in the U.S. over the next five years. Bristol-Myers Squibb & Co.'s Christopher Boerner, chair and chief executive officer, shared plans to invest $40 billion in U.S. R&D, technology, and manufacturing over the next five years. Sanofi SA announced it will invest at least $20 billion in the U.S. through 2030. The bulk of the spending will go to R&D and U.S. manufacturing. BIIB Price Action: BIIB stock is down 1.46% at $123.17 at publication on Monday. Read Next: Elon Musk's Tesla Announces 3 Million Model 3 Units Sold Worldwide Photo Courtesy: PeopleImages.com, Yuri A on Shutterstock BIIBBiogen Inc$123.27-1.38%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum14.40Growth40.47Quality21.31Value41.26Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs