Firms can't add capacity fast enough for new weight loss meds

23 April 2024

A manufacturing facility in Wisconsin, USA, has been purchased by Eli Lilly (NYSE: LLY) in order to support growing demand for its medicines.

Nexus Pharmaceuticals, a sterile manufacturer supplying the pharmaceutical industry, has agreed to sell the US Food and Drug Administration-approved facility for an undisclosed sum.

The site will be used to further expand Lilly's global injectable product manufacturing network, with production at the facility expected to kick off at the end of 2025.

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