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News in English (USA) / 02.10.2024 / 17:00

Eli Lilly Announces $4.5 Billion Investment in New Research and Manufacturing Facility

Eli Lilly has unveiled plans to invest $4.5 billion in a new facility, known as the Lilly Medicine Foundry, located in the LEAP district of Lebanon, Indiana. This significant investment aims to enhance innovation in drug production and streamline the manufacturing process for clinical trials, positioning the company to further strengthen its drug pipeline and expand pharmaceutical capabilities in the U.S. The announcement indicates a broader commitment from Lilly, which has now invested a total of $13 billion in the LEAP district, reflecting its dedication to advancing drug development and manufacturing.
Investors | Eli Lilly and Company, CNBC, Yahoo Finance, Reuters, IndyStar, WTHR, STAT, The Wall Street Journal, Quartz, WISH TV Indianapolis, IN