Lilly investing $1.5 billion in new production facilities
US pharma Eli Lilly (NYSE: LLY) saw its shares close up 3.5% at $245.10 on Friday, after it announced plans to significantly expand production facilities in the USA and Ireland.
As the number of people that can benefit from Lilly's innovative new medicines continues to increase, Lilly said it is expanding its manufacturing footprint with an investment of more than $1.5 billion in brand-new facilities in Concord, North Carolina. and Limerick, Ireland to help meet the demand.
Over the last eight years, Lilly delivered 16 new medicines and aims to introduce five potential new medicines in the next two years, the company noted.
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