Roche announces $550 million investment to expand its Indianapolis diagnostics manufacturing hub
Rhea-AI Summary
Roche (RHHBY) has announced a significant $550 million investment to expand its Indianapolis diagnostics manufacturing facility by 2030. The expansion will transform the site into a major hub for manufacturing continuous glucose monitoring (CGM) systems. The Indianapolis campus, which currently produces 5.2 billion Accu-Chek® diabetes test strips annually, will see enhanced capabilities to serve both U.S. and global markets across 53 countries.
The investment aims to address the needs of over 38 million Americans living with diabetes by improving access to diabetes management solutions. The expansion will create hundreds of manufacturing jobs and thousands of construction positions, boosting Indiana's economy while strengthening domestic production capabilities. This investment builds upon Roche's previous $800 million investment in U.S. operations since 2015.
Positive
- Major $550 million investment demonstrates strong commitment to U.S. operations and market expansion
- Creation of hundreds of high-skilled manufacturing jobs and thousands of construction positions
- Enhanced domestic production capabilities reducing import dependency
- Strategic expansion targeting the large diabetes market of 38 million Americans
- Builds on successful track record with current production of 5.2 billion diabetes test strips annually
Negative
- Significant capital expenditure of $550 million through 2030 may impact short-term financials
- Extended timeline until 2030 for full implementation of expansion plans
News Market Reaction
On the day this news was published, RHHBY gained 2.55%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- An investment of up to
by 2030 will establish the$550 million Indianapolis site as a hub for manufacturing of Roche's continuous glucose monitoring solution. - Expansion will create hundreds of jobs while also enhancing
U.S. production capabilities. - Increased access to diabetes management tools will help improve health outcomes for patients in the
U.S. and globally.
With more than 38 million Americans living with diabetes,¹ access to effective disease management solutions is crucial. To address this growing need, Roche is investing in a new CGM manufacturing facility in
"The challenges of diabetes are pervasive, with millions of Americans living with the constant vigilance and countless daily decisions the disease requires," said Brad Moore, President and CEO of Roche Diagnostics North America. "By expanding our manufacturing capabilities in
The
Building on more than
The expansion is expected to generate hundreds of highly-skilled manufacturing jobs and thousands of construction jobs, providing a significant boost to
About Roche
Founded in 1896 in
For over 125 years, sustainability has been an integral part of Roche's business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.
Genentech, in
For more information, please visit www.roche.com.
All trademarks used or mentioned in this release are protected by law.
References
1. American Diabetes Association, Statistics About Diabetes. Accessed March 26, 2025.
For Further Information
Roche Diagnostics
us.mediarelations@roche.com
Jen Dial
1-463-867-0232
jen.dial@roche.com
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SOURCE Roche Diagnostics