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    Home > Finance > Haleon to invest $54 million in US R&D centre to boost product innovation
    Finance

    Haleon to invest $54 million in US R&D centre to boost product innovation

    Published by Global Banking & Finance Review®

    Posted on January 29, 2025

    1 min read

    Last updated: January 27, 2026

    Haleon announces a $54 million investment in its Richmond, US R&D centre, enhancing product innovation capabilities in the consumer healthcare sector.
    Haleon invests $54 million in US R&D centre for product innovation - Global Banking & Finance Review
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    Tags:innovationresearchinvestment

    Quick Summary

    Haleon is investing $54 million in its Richmond, US R&D center to enhance product innovation, complementing its significant annual R&D spending.

    Haleon Allocates $54 Million for US R&D Center to Enhance Innovation

    (Reuters) - Consumer healthcare company Haleon said on Wednesday it will invest $54 million in its global research and development centre in Richmond, U.S., aiming to boost its pipeline for new product innovations.

    The company said the investment is in addition to its 300 million pound ($372.5 million) annual spending in R&D.

    The Richmond facility is one of the three R&D centres of excellence for Haleon, along with Weybridge, UK and Suzhou, China.

    ($1 = 0.8053 pounds)

    (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Arun Koyyur)

    Key Takeaways

    • •Haleon invests $54 million in US R&D center.
    • •The investment aims to boost product innovation.
    • •Richmond facility is one of three global R&D centers.
    • •Annual R&D spending is $372.5 million.
    • •Haleon focuses on consumer healthcare advancements.

    Frequently Asked Questions about Haleon to invest $54 million in US R&D centre to boost product innovation

    1How much is Haleon investing in its R&D center?

    Haleon is investing $54 million in its global research and development center in Richmond, U.S.

    2What is the annual R&D spending of Haleon?

    The investment is in addition to Haleon's annual spending of 300 million pounds, which is approximately $372.5 million.

    3Where are Haleon's R&D centers located?

    Haleon has three R&D centers of excellence located in Richmond, US; Weybridge, UK; and Suzhou, China.

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