Big news for Eli Lilly (LLY), a company that makes medicines! They're investing a huge amount of money – $27 billion – to build more factories in the US. This is on top of $50 billion they've already spent since 2020!
- They're making more medicine ingredients and improving how they make their medicines.
- One new factory will focus on injections.
- This is partly because of demand for their popular weight-loss and diabetes medicine, Mounjaro.
- They also recently won approval for a new Alzheimer's drug called Kisunla.
| Fact | Number |
|---|---|
| New investment in US factories | $27 billion |
| Total investment since 2020 | $50 billion |
| Mounjaro sales increase | 124% |
| LLY stock price increase (Jan 17 - Feb 28) | 25% |
