Pharmaceuticals now top NC export, majority of exports to China
NC’s biopharmaceutical industry, which directly employs just 0.31% of the state’s approximately 11 million residents, produced 20% of its export value in 2024.
San Francisco-based Genentech, a member of the Roche Group, held a groundbreaking ceremony in Holly Springs Monday morning to mark the start of construction of its first East Coast manufacturing facility.
Biogen Inc. announced July 21 its plans for investing $2 billion in its manufacturing facilities located within North Carolina’s Research Triangle Park (RTP).
Federal commission advocates for continued investment in biotech manufacturing.
Trump signed an executive order urging Congress to end the investment distortion the pill penalty creates — a step in the right direction to bring new medications to patients’ medicine cabinet.
Pharmaceutical company Genentech is expected to come to Holly Springs, with assistance from a JDIG grant.
House committee approves a bill supporting agricultural manufacturing and another using excess tax revenue to fund grant programs for eligible farmers.
This presents a massive economic development opportunity for Winston-Salem. Unlike industries like banking or tech, once biotech companies build manufacturing facilities, they don’t leave.
Biotechnology company Amgen broke ground on its $1 billion Holly Springs manufacturing facility on Friday. The Wake County expansion is both a recipient of county incentives and a state Job Development Investment Grant (JDIG) supported by taxpayer funds. “We thought long and hard about where to build this plant,” said Bob Bradway, Amgen CEO, during the groundbreaking....
Like it or not, the United States and China are locked in high-stakes global competition over trade, technology, and national security. Ironically, at this crucial time, China appears to have found an unwitting ally in the US Supreme Court. The challenge couldn’t be more serious. But if Congress can move with bipartisan resolve, a legislative...
Advocates of corporate welfare appear to believe that the laws of economics don’t apply to economic-development activities.
As the owner of four furry felines, I am grateful to the responsiveness of the market to the needs of pet owners. Some products are frivolous, some essential; many are technological marvels. It is a testament to the responsiveness of technological innovation to human needs that we can treat our pets so well.