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AstraZeneca makes $15B bet on China to expand manufacturing and R&D

AstraZeneca, already one of the leading pharmaceutical companies in China, is extending its reach in the country that’s become a go-to place for drug R&D and industry dealmaking in the past year.

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AstraZeneca, already one of the leading pharmaceutical companies in China, is extending its reach in the country that’s become a go-to place for drug R&D and industry dealmaking in the past year.

The UK pharma giant said Thursday it will pump $15 billion into China through 2030 to bolster manufacturing of medicines and ramp up R&D in what has proven to be the most efficient region for early-stage drug development. This includes the $2.5 billion announced in March 2025 to expand vaccine manufacturing and open a research site in Beijing to complement its existing labs in Shanghai.

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