Bristol Myers Squibb announces $2.3 billion manufacturing campus in Houston

Bristol Myers Squibb disclosed plans to build a new manufacturing campus in Houston, Texas, with an estimated cost of $2.3 billion.

The campus will expand the company's domestic production capacity and is part of the broader investment pledge the firm made last year to increase U.S. manufacturing.

The announcement was made on Monday and includes details about the site location and expected timeline, though specific operational dates were not provided.

The investment underscores Bristol Myers Squibb's commitment to strengthening its supply chain in the United States and may create jobs in the region.