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The Grand View Research published a report highlighting the stark growth prospects of the pharma industry. The global pharmaceuticalmanufacturing market stood at USD 405.52 The paradigm shift towards integrated, intelligent, and data-rich technologies is propelling the growth of medicines manufacturing. billion by 2027.
In December 2022, the US passed its ‘ominous spending bill’ directing the US Food and Drug Administration (US FDA) to establish an advanced manufacturing Centre for excellence and an advanced manufacturing technologies designation programme.
To build an advanced pharmaceuticalmanufacturing cluster in the Richmond-Petersburg area, the Alliance for Building Better Medicine aims to support the early growth of local pharmaceuticalmanufacturers. The US Department of Commerce’s Economic Development Administration (EDA) awarded the organization $52.9
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