Eli Lilly Will Invest an Extra $5.3 Billion in Making Weight Loss Drugs

Eli Lilly, with everything in the race for the weight loss drug market. The American company will invest another $5.3 billion in a new manufacturing plant in Indiana to boost production of diabetes and weight loss drugs. With this contribution, the total investment in the facilities will rise to 9,000 million dollars.

The company’s injectables for diabetes sufferers and weight loss suffer from shortages due to increased demand. Sales of these products have elevated Eli Lilly to the status of the world’s largest pharmaceutical group by market value, with $768 billion as of Thursday’s market close. Together with Novo Nordisk, their main competition in this product, they could create a market valued at more than $100 billion in the future.

David Ricks, CEO of Eli Lilly, assures that the expenditure on the new plant is “the largest investment in manufacturing in the history” of his company, and ventures to affirm that “it represents the largest investment in the manufacturing of active pharmaceutical ingredients.” (API) of synthetic medicine in United States history .

Eli Lilly will employ 900 full-time people at the new plant

Eli Lilly has spent $18 billion on various operations to build five plants in the United States and Europe to produce the raw materials used in the manufacture of tirzepatide, the compound in its most popular drugs, and for fill and finish operations.

The new Indiana plant, whose construction began last year, will begin producing drugs at the end of 2026, although operations linked to its construction will continue to expand until the end of 2028 . According to company estimates, it will employ 900 full-time workers.

The American pharmaceutical company achieved a turnover of 8.77 billion dollars in the first quarter of the year, which implies a year-on-year growth of 26% . Net income has reached $2.24 billion in the same period, 67% more than in 2023, exceeding the estimated $2.2 billion.

The pharmaceutical company attributes this growth, precisely, to the good sales of the antidiabetic drugs Mounjaro, Jardiance and Zepbound, and the oncological treatment Verzenio. Mounjaro alone already generated $1.81 billion in the first quarter of 2024.

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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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