'Lilly To Spend $5.3B To Expand Manufacturing Of Zepbound, Mounjaro; Project Will Expand New Manufacturing Site In Lebanon, Indiana; Expects New Site To Begin Making Medicines Toward End Of 2026, Company Says' - WSJ
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Eli Lilly (LLY) plans to invest $5.3 billion to expand manufacturing of its drugs Zepbound and Mounjaro. The project will expand a new manufacturing site in Lebanon, Indiana, which is expected to begin production towards the end of 2026.
May 24, 2024 | 1:18 pm
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Eli Lilly is investing $5.3 billion to expand manufacturing capabilities for Zepbound and Mounjaro, with a new site in Lebanon, Indiana expected to start production by the end of 2026.
The significant investment in expanding manufacturing capabilities indicates strong demand and future revenue growth potential for Eli Lilly's drugs Zepbound and Mounjaro. This expansion is likely to positively impact the company's stock price in the short term.
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