Posted 11/15/2023, 11:00:00 PM
Eli Lilly Plans $1 Billion Factory to Meet Rising Demand for Blockbuster Weight Loss Drug
- Eli Lilly plans to build a new factory in Germany that will cost at least $1 billion
- The facility will be funded entirely by Eli Lilly, not external partners
- It comes as Eli Lilly's Mounjaro diabetes drug was just approved for weight loss
- The new factory would boost production capacity for the anticipated demand for Mounjaro
- The $1 billion price tag is a substantial portion of Eli Lilly's cash reserves
- While costly, the factory is likely a well-considered investment given Mounjaro's potential