Lilly announces $3 billion expansion of its recently acquired manufacturing facility in Wisconsin
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Eli Lilly and Company announced a $3 billion expansion of its manufacturing facility in Wisconsin, acquired earlier this year. This investment aims to boost production of diabetes and obesity medicines, meeting global demand.
December 05, 2024 | 8:45 pm
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Eli Lilly is expanding its Wisconsin manufacturing facility with a $3 billion investment to increase production of diabetes and obesity medicines.
The $3 billion expansion of Eli Lilly's manufacturing facility is a significant investment that will likely enhance the company's production capabilities. This move is expected to meet the growing demand for its diabetes and obesity medicines, potentially increasing revenues and positively impacting the stock price in the short term.
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