Eli Lilly unveils new manufacturing plant for GLP-1 pens [Yahoo! Finance Canada]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance Canada
The injectable drugs, Mounjaro for diabetes and Zepbound for weight loss, are two of Lilly's hottest products in the past year, sending the company's stock up nearly 100%. The new 1 million-plus square foot facility will begin manufacturing the injectable pens in 2025. It's part of an ongoing strategy to grow manufacturing to meet unprecedented demand. Lilly and competitor Novo Nordisk ( NVO ) are the duopoly controlling the current GLP-1 market, and there is more demand than the companies combined can supply. ADVERTISEMENT Lilly CEO Dave Ricks recently told the Wall Street Journal the market would have to build 10 to 15 new facilities to meet current demand. The company has already identified or started building seven facilities, investing $18 billion into the strategy, according to executive vice president Edgardo Hernandez. Eli Lilly's new facility in Concord, N.C. (Yahoo Finance) The Concord facility alone has cost the company double its original investment , $2 bil
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LLY
News
- Mounjaro Drug Tirzepatide Could Treat Sleep Apnea, Study Finds [Forbes]Forbes
- Popular weight loss drug may help treat severe sleep apnea, along with improving blood pressure [MSNBC.com]MSNBC.com
- Mounjaro Drug Tirzepatide Could Treat Sleep Apnea, Study Finds [Forbes]Forbes
- Obesity drug used in Mounjaro and Zepbound may help treat dangerous sleep apnea [Yahoo! Finance Canada]Yahoo! Finance Canada
- Obesity drug used in Mounjaro and Zepbound may help treat dangerous sleep apnea [Yahoo! Finance]Yahoo! Finance
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