As U.S. calls for stateside manufacturing, antibiotic maker Paratek gambles on 'onshoring' effort

URLhttps://www.fiercepharma.com/manufacturing/as-u-s-
SourceFierce Pharma
Date Published06/08/2020
Author NameKyle Blankenship
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Paratek Pharmaceuticals
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):285
City reshored to:Boston
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredNuzyra
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Lean/other business process improvement techniques, covid-19
Government Incentive dollar amount:$285 million
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