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Will Eli Lilly's stock price increase by 10% or more by the end of 2024?
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Eli Lilly to Invest $4.5 Billion in Lilly Medicine Foundry in Indiana
Oct 2, 2024, 11:41 AM
Eli Lilly announced a $4.5 billion investment to create a new advanced manufacturing and drug development center in Indiana. The facility, named the Lilly Medicine Foundry, aims to drive innovation in drug production and manufacture medicines for clinical trials. The site, located in the LEAP Research and Innovation District, is expected to open in late 2027 and will add 400 full-time jobs. This new commitment increases Eli Lilly's U.S. capital commitment to $23 billion.
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