2024-10-21
Participating in CPHI Worldwid
Lilly to invest US$ 4.5 bn in advanced drug development center in Indiana
Release Time: 2024-10-12
News Source: PharmaCompass
Author: SENOVA—Lucas
The biggest pharma company in the world by market cap, Eli Lilly, is investing US$ 4.5 bilion to create a new center in its home state of Indiana (US). The Lilly Medicine Foundry for advanced manufacturing and drug development will give the Mounjaro maker the ability to research new ways of producing medicines, while also scaling up manufacturing of drugs for clinical trials. The Medicine Foundry will be located in Indiana's LEAP Research and innovation District in Lebanon, indiana, and will enhance the company's investment there to over US$ 13 billion.
