UCB Expands Biologics Manufacturing with Significant Investment
UCB’s Strategic Expansion in Biologics Manufacturing
UCB, a renowned global biopharmaceutical company, is making headlines with its major plans to invest in biologics manufacturing. This commitment not only aims to serve patients better but is projected to deliver astounding economic outcomes, with an estimated impact of $5 billion. What’s more, this investment will play a crucial role in the creation of around 300 skilled jobs in the U.S. along with 500 construction jobs.
Strengthening Manufacturing Partnerships
As part of this ambitious strategy, UCB is dedicated to expanding its partnerships with U.S.-based Contract Manufacturing Organizations (CMOs). These collaborations will be instrumental in supporting the growth of UCB's key products, facilitating a robust ramp-up in manufacturing capabilities tailored to meet the company’s future pipeline demands.
A Commitment to Innovation and Economic Growth
With a strong foundation built over years of deliberate expansion in the U.S. market, UCB is reinforcing its commitment to innovation and sustainable healthcare. The company’s workforce has grown significantly, with UCB employing around 2,000 people since a notable 73% increase in its U.S. workforce since 2017. This growth has been underpinned by substantial investments, including $4.5 billion in acquisitions and capital improvements, enhancing UCB's innovative capacities.
This growth is evidenced by UCB’s 15 FDA approvals over time, with eight approvals occurring just within the last two years. These achievements reflect UCB's dedication to providing improved healthcare solutions for individuals facing severe health challenges.
Advancing Manufacturing Strategies for Future Readiness
The new biologics manufacturing facility reflects UCB's commitment to enhancing its manufacturing strategies. This endeavor not only brings UCB closer to one of its most thriving markets but also works towards ensuring a resilient supply chain. Such measures will be vital in navigating the ever-evolving landscape of biopharmaceutical manufacturing and supply.
UCB's CEO, Jean-Christophe Tellier, noted, "Our purpose is clear: to create value for patients today and in the future. This significant investment showcases our expanding role in the U.S. and our ambitions to ensure our innovative therapies reach those in need worldwide. By broadening our biologics manufacturing capabilities, we fortify our global supply chain, nurturing biomedical innovation, skilled jobs, and ultimately economic growth in the U.S."
Future Job Creation and Feasibility Studies
The anticipated manufacturing facility is projected to yield significant job opportunities. With around 300 permanent, high-skill positions and over 500 construction jobs linked to its establishment, UCB is actively conducting a comprehensive feasibility study to pinpoint the optimal location for this facility. The focus of this study will be on regions rich in talent and innovative ecosystems.
This investment is set to enhance not only UCB's operational capabilities but will also provide a wave of benefits to the surrounding communities via increased economic activity, partnerships, and job creation.
About UCB
UCB is a global biopharmaceutical leader headquartered in Brussels, Belgium, dedicated to the discovery and development of transformative medicines aimed at improving the lives of people suffering from severe immune system or central nervous system diseases. The organization employs over 9,000 individuals across about 40 countries and reported revenues of €6.1 billion recently. UCB contributes significantly to the global biopharmaceutical arena, continuing to pave the way for innovative healthcare solutions.
UCB Contact Information
Investor Relations
Antje Witte
Investor Relations, UCB
T +32.2.559.9414
Global Communications
Laurent Schots
Media Relations, UCB
T +32.2.559.9264
U.S. Communications
Erica Puntel
Media Relations, UCB
T 404.938.5359
Frequently Asked Questions
What is UCB's recent investment focused on?
UCB's recent investment aims to expand its biologics manufacturing capacity in the U.S., enhancing patient service and economic impact.
How many jobs will the new facility create?
The new facility is expected to create around 300 permanent, high-skilled jobs in biologics manufacturing, in addition to 500 construction jobs.
What is the projected economic impact of this investment?
The investment is projected to have an economic impact of approximately $5 billion.
What is UCB's commitment to innovation?
UCB is dedicated to scientific innovation and has seen a significant increase in its U.S. workforce, supporting healthcare advancements.
How many FDA approvals has UCB achieved?
UCB has achieved 15 FDA approvals, eight of which were granted in the last two years, demonstrating its commitment to delivering effective treatments.
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