(Reuters) -Johnson & Johnson said on Tuesday it will invest more than $2 billion to build a new manufacturing facility in Wilson, North Carolina, aiding production of new therapies.
The new facility will expand J&J (NYSE:JNJ)’s production of biologic medicines to treat cancer, immunity-related and neurological diseases, the company said.
The drugmaker aims to launch or file for more than 70 new therapies and expanded treatment options for patients by 2030.
J&J is investing in capacity to ensure a resilient supply chain for the future, said Dapo Ajayi, vice president at J&J’s innovative medicine supply chain.
The company expects to commence construction of the facility in the first half of 2025, J&J said, adding that it will employ about 400 full-time staff when it is fully operational.
