Eli Lilly doubles investment to $2 billion in Concord pharma facility ahead of opening [Yahoo! Finance]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance
The pharmaceutical giant is hosting a ribbon-cutting ceremony and tour Friday morning of the drug manufacturing facility at the old Phillip Morris cigarette manufacturing site. The increased investment went toward keeping pace with heightened demand for its medicines, spokeswoman Carla Cox said in an email. The plant will produce diabetes and obesity medicine, Cox said. Sales of these drugs accounted for 63% of the company's $8.8 billion total first-quarter revenue and 72% of its $5.7 billion domestic first-quarter revenue. The Concord plant will create 600 jobs, begin production by the end of this year and start shipping medicine in 2025, according to Cox. The total number of jobs has not changed. In 2022, Eli Lilly initially said it would make medicine for Alzheimer's treatment at the Concord site too, but Cox could only confirm that the plant will produce diabetes and obesity drugs. The overall footprint of the plant will remain the same, according to Cox said, but it wi
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LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
- 6/21/24 - Form 4
- 6/20/24 - Form 144
- 6/18/24 - Form 4
- LLY's page on the SEC website