Lilly expands US manufacturing build-out with $50B target; company doubled its spending plans for domestic factories as President Donald Trump pressures the pharma industry to reshore drug production

Eli Lilly will invest tens of billions more dollars on U.S. drug manufacturing in a significant enlargement of plans the Indianapolis company had already described as historic.

Lilly, which makes the popular obesity medicine Zepbound, previously pledged to spend $23 billion on constructing and refurbishing factories in the U.S. to churn out the company’s new pills and injections. On Tuesday, the company more than doubled that target. Including commitments made since 2020, it expects to pour over $50 billion into U.S. capital expenditures.

Eli Lilly and Company (NYSE: LLY)
Randy Casey | Global Portfolio Manager, Real Estate and Facilities

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