Richmond-Petersburg Region, Collaborating as the Alliance for Building Better Medicine, Secures $111 Million Over Three Months for U.S.-Based Manufacturing of Essential Medicine

Sep 9, 2023 | Funding

The Alliance for Building Better Medicine, in collaboration with Governor Glenn Youngkin, announced that it has secured $111 million in investments from federal, state, local, and private supporters over the past three months. These funds aim to expedite the development of the advanced pharmaceutical and manufacturing cluster emerging in Central Virginia, addressing the urgent need for high-quality and affordable essential medicines in the nation. This achievement was celebrated by Governor Youngkin, who also signed a proclamation recognizing National Essential Medicine Shortage Awareness Day in the Commonwealth of Virginia.

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