New $2.5 billion facility as Eli Lilly readies tirzepatide to take world by storm
Buoyed by its recent approval in obesity, Eli Lilly (NYSE: LLY) has announced a massive new investment in manufacturing capacity in Europe.
Around $2.5 billion will be spent on a high-tech manufacturing site in Germany, significantly expanding capacity for injectable products and devices.
Lilly said the new plant would support growing demand for its products, including its diabetes and obesity portfolio, which is led by the dual GIP and GLP-1 agonist, tirzepatide.
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