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1921, 05 Dec 24

Drug Trade Expands in Wisconsin

Awesome. I’m envisioning a bunch of chubby Wisconsinites making weight loss drugs and it brings me joy.

Eli Lilly said on Thursday it will invest $3 billion to expand the manufacturing plant it bought in Pleasant Prairie, Wisconsin earlier this year, as it scrambles to meet soaring demand for its weight-loss and diabetes drugs.

 

The new investment in the factory, which it acquired from Nexus Pharmaceuticals, will help boost production of Lilly’s powerful weight-loss drug Zepbound as well as its diabetes treatments and other medicines, the company said.

“Today’s announcement represents our single largest U.S. manufacturing investment outside our home state of Indiana and will add to our ability to expand capacity to make both our existing and future pipeline of medicines,” said Edgardo Hernandez, Lilly’s president of global manufacturing.

 

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Lilly, which has become the world’s most valuable healthcare company worth over $790 billion, said it plans to start construction on the expansion next year, and previously said it expects production at the facility to begin at the end of 2025.

The company said it expects to add 750 jobs to the Wisconsin plant, which already has more than 100, including operators, technicians, engineers and scientists.

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1921, 05 December 2024

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