Eli Lilly invests $3B to expand Wisconsin factory to help meet demand for Mounjaro, Zepbound
FILE - A sign for Eli Lilly & Co. appears outside their corporate headquarters in Indianapolis on April 26, 2017. (AP Photo/Darron Cummings, File) (Darron Cummings, Copyright 2017 The Associated Press. All rights reserved.)
Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some blockbuster drugs and future products.
Lilly said Thursday it will expand a Kenosha County, Wisconsin, factory it bought early this year, and the investment will help meet growing demand for injectable products like its diabetes and obesity drugs, Mounjaro and Zepbound .
Those drugs brought in a combined $4.4 billion in sales for Lilly in this year’s third quarter.
The drugmaker plans to start construction of the expansion next year.
Lilly also announced other multibillion-dollar manufacturing expansion projects near its Indianapolis headquarters earlier this year.
Eli Lilly and Co. said Thursday that it has slated more than $23 billion to construct, expand or acquire manufacturing sites worldwide since 2020.
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