Bristol Myers to build $2.3 billion manufacturing site in Houston
BMY•Campus details and state incentives
Bristol said the project is expected to generate about 2,000 construction and related jobs between 2027 and 2030 as the campus is built and brought online.
The site will be a roughly 600,000-square-foot campus designed to manufacture small-molecule medicines as well as more complex drugs like biologics and antibody-drug conjugates. It will be able to be expanded or reconfigured as pipeline needs change, the company said.
The company also said it expects the site to expand beyond its initial footprint over time.
"This investment reflects our confidence in America's continued leadership in biopharmaceutical innovation," Chief Executive Christopher Boerner said in a statement.
Texas Governor Greg Abbott said the state has offered Bristol a $4.89 million Texas Enterprise Fund grant and that the project also qualifies for benefits under the state's Jobs, Energy, Technology and Innovation program.
Bristol Myers plans $2.3 billion Houston manufacturing site
Aug 10 (Reuters) - Drugmaker Bristol Myers Squibb BMY.N on Monday said it will spend about $2.3 billion to build a new manufacturing facility in Houston, Texas, part of a previously announced $40 billion commitment to invest in the United States.
The New Jersey-based company said the new site will create nearly 500 skilled jobs.
The announcement comes as global drugmakers have pledged billions of dollars to expand their U.S. manufacturing capacity, as many have struck deals with the Trump administration to avoid tariffs.
