Eli Lilly invests $1.8 bln in Ireland sites to scale up Alzheimer's, obesity drug production
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London: Eli Lilly is investing $1.8 billion across two manufacturing sites in Ireland to boost production of its hugely popular obesity drug and a newly approved treatment for Alzheimer's, the drugmaker said on Thursday.
The investments are part of Lilly's ongoing commitent to expand production, especially for its top-selling diabetes and obesity drugs, Mounjaro and Zepbound, respectively.
The company has committed over $20 billion since 2020 to build and expand its manufacturing facilities in the U.S. and Europe.
The company said it has invested roughly $800 million in its new facility in Kinsale, Ireland, which began manufacturing Lilly's obesity and diabetes medicines last year. Demand for Zepbound has outpaced supply for most of this year.
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