Virginia Economic Review

As the world continues to struggle with drug supply chains and critical shortages, clusters of activity have emerged to move the needle of medication affordability and accessibility.

John Newby is the CEO of Virginia Bio, the nonprofit statewide trade association that serves and promotes the life sciences industry in Virginia.

Eric Arocho is associate vice president at Eli Lilly and Company and the site lead on the company’s facility in Goochland County, announced last year.

Recent major biopharmaceutical manufacturing announcements are positioning Virginia for a broader reshoring effort in the pharma industry. COVID-era supply chain disruptions and resulting shortages exposed the risks of over-reliance on overseas production for essential medicines.

A pharmaceutical manufacturing innovation that came out of a Virginia university is changing the way medicines are made. The Commonwealth’s universities and the rest of its biopharma research community are making sure Virginia is ready to make the medicines of the future.

Would more men try to prevent unintended pregnancies if their choices for contraception went beyond a condom or vasectomy?

In October 2025, shovels went into the ground in Elkton, marking the start of a $3 billion pharmaceutical expansion project that will add 400,000 square feet to Merck’s existing campus.

The Greater Richmond region is in the middle of the greatest population growth in its history.

A lot changed in Virginia’s life sciences industry in the space of about a month last fall. Between Sept. 16 and Oct. 20, biopharmaceutical manufacturing giants Eli Lilly and Company, AstraZeneca, and Merck & Co.

Backed by monumental funding deals, a peaking business profile, and a strong entrepreneurial undercurrent, Virginia is building an accessible, collaborative, and truly thriving innovation ecosystem far and wide across the Commonwealth.

Imagine an apartment building. The lobby entrance, residential door, and parking deck are all accessed and opened via a phone app. The resident takes their laptop to the pool and it automatically connects with Wi-Fi.

Artificial Intelligence may seem like a new technology, but CarMax has been using it for years. The Goochland County-based company is the country’s largest seller of used cars.