AbbVie Inc. (ABBV) Starts Building $70 Million Expansion of Its AbbVie Bioresearch Centre in Worcester, Massachusetts

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As part of its $10 billion U.S. capital expenditure strategy to increase biologics manufacturing capacity, AbbVie Inc. (NYSE:ABBV) started building a $70 million expansion of its AbbVie Bioresearch Centre in Worcester, Massachusetts, on September 30. A new three-story house structure housing labs, warehouses, and offices is part of the project, which also allows the transfer of some oncology product manufacturing from Europe to the United States.

Furthermore, according to AbbVie Inc. (NYSE:ABBV), the expansion will boost employment and solidify the company’s position in immunology and oncology biologics. For many years, the Worcester location has been a center for large-scale biologics production, research, and innovation.

Leading immunology medications Rinvoq and Skyrizi are driving growth for AbbVie Inc. (NYSE:ABBV), a multinational biopharmaceutical company specializing in treatments for chronic and complicated disorders. It is one of the Best Non-Tech Stocks.

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