Eli Lilly plots $2.1B expansion

Lilly is dipping back into its pocketbook for yet another blockbuster stateside manufacturing expansion after investing $1 billion in an injectables plant in North Carolina in January.

The company plans to invest $2.1 billion in two new manufacturing facilities at LEAP Lebanon Innovation and Research District in Boone County, Indiana, the company announced Wednesday. Lilly is headquartered in the Hoosier State’s capital of Indianapolis.

Lilly said in a release that the facilities would expand the company’s ability to manufacture active ingredients as well as new medicines like genetic medicines. Specifically, the sites will help Lilly respond to heightened demand for its current and future drugs.