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Amgen to invest $600 million in new research and development facility in California

1. Amgen plans to invest over $600 million in a new R&D facility. 2. The facility will foster collaboration among researchers on new drug development. 3. This adds to Amgen's nearly $5 billion U.S. investments since 2017. 4. Construction begins in Q3 and will create hundreds of U.S. jobs. 5. Enhanced automation and digital capabilities will support advanced scientific research.

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FAQ

Why Bullish?

The substantial investment reflects confidence in future growth, akin to previous expansions that boosted stock performance.

How important is it?

The investment aligns with strategic growth and adds to positive investor sentiment.

Why Long Term?

New drugs from the R&D center may enhance long-term revenue potential over the next years.

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