Eli Lilly's $4.5B Medicine Foundry

This is a Mounjaro news story, published by CNBC, that relates primarily to Lilly news.

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manufacturing complex Lilly

CNBC

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Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline

Summary

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74% Informative

Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines.

The investment seeks to build upon Lilly 's success from Mounjaro and Zepbound , which are riding a wave of popularity in so-called GLP-1 drugs.

Lilly has 11 obesity drugs in its pipeline and wants to develop more treatments for Alzheimer's disease, ALS and other brain diseases.

Ricks downplays the importance of hitting the trillion-dollar mark, saying it would be an outcome, not a goal, for Lilly . "We want to do valuable things, and if we're successful, we create value," Ricks said. "That's how we'll get to a bigger number.".

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semi-formal

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English

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not offensive

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not hateful