Eli Lilly makes $3bn US investment as demand for weight loss drugs rises
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Eli Lilly and Co (NYSE:LLY) is investing $3 billion to expand its manufacturing plant in Wisconsin due to rising demand for its weight loss drugs, Mounjaro and Zepbound. The expansion will increase production capacity for injectable medicines.
December 06, 2024 | 12:00 pm
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Eli Lilly is investing $3 billion to expand its manufacturing plant in Wisconsin, driven by increased demand for its weight loss drugs, Mounjaro and Zepbound. This expansion will enhance production capacity for injectable medicines.
The $3 billion investment indicates a strong demand for Eli Lilly's weight loss drugs, suggesting potential revenue growth. The expansion will increase production capacity, likely leading to higher sales and positively impacting the stock price.
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