Skip to content
Trending
March 23, 2025‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds May 29, 2025Why Salesforce’s beat-and-raise quarter isn’t quieting the stock’s doubters February 21, 2025Germany’s election will usher in new leadership — but might not turn tides for the country’s struggling economy July 15, 2025Inflation picks up again in June, rising at 2.7% annual rate October 22, 2025India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report February 25, 2025Chegg sues Google for hurting traffic with AI as it considers strategic alternatives August 25, 2025From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts November 24, 2025Walmart hikes sales and earnings forecast as it attracts shoppers across incomes July 20, 2025Block shares soar 10% on entry into S&P 500 September 11, 2025Oracle soars 30% on cloud growth projections even as earnings miss estimates
  Saturday 8 August 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Business  Eli Lilly to build $6.5 billion Texas manufacturing facility for obesity pill, other drugs
Business

Eli Lilly to build $6.5 billion Texas manufacturing facility for obesity pill, other drugs

AdminAdmin—September 23, 20250

A rendering of Eli Lilly’s manufacturing facility in Houston, Texas.

Courtesy: Eli Lilly

More stories

Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says

March 26, 2025

CBS canceling Colbert begs the question: Are more late night shows next?

July 26, 2025

May home sales increase very slightly, but prices hit another record high

June 23, 2025

Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan

June 18, 2025

Eli Lilly on Tuesday said it will spend $6.5 billion to build a manufacturing facility in Houston, Texas, to boost production of the company’s pipeline of so-called small molecule drugs, including its closely watched experimental obesity pill. 

It is the second in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. 

Eli Lilly said it will announce the two remaining U.S. sites this year. The company expects to begin making medicines at all four facilities within five years. 

That added production capacity for Eli Lilly’s obesity pill, orforglipron, is crucial as the company races to bring it to market and tries to maintain its dominance in the booming market for GLP-1s. Eli Lilly and Novo Nordisk have previously faced supply constraints with their existing weekly injections, as demand skyrocketed in the U.S. 

“Our new Houston site will enhance Lilly’s ability to manufacture orforglipron at scale and, if approved, help fulfill the medicine’s potential as an obesity and type 2 diabetes treatment for tens of millions of people worldwide who prefer the ease of a pill that can be taken without food and water restrictions,” Eli Lilly CEO David Ricks said in the release. 

Drugmakers have been scrambling to boost their production in the U.S. as President Donald Trump threatens to impose tariffs on pharmaceuticals imported into the U.S. Trump has said those levies will encourage companies to re-shore production after domestic drug manufacturing shrank dramatically over the past decade.

In a release Tuesday, Eli Lilly said the new Houston plant will focus on manufacturing orforglipron and the company’s pipeline of other small molecule medicines across different disease areas, including cardiometabolic health, oncology, immunology and neuroscience. Small molecule drugs, which often come in pill form, are more convenient for patients to take than injectable medications and are generally easier and cheaper to manufacture at scale.  

Eli Lilly said the site will bring 615 jobs to the Greater Houston area, including highly skilled engineers, scientists, operations personnel and lab technicians, and 4,000 construction jobs.

Fed Governor Stephen Miran pushes case for central bank to slash key interest rate
Salesforce issues weak revenue guidance even as earnings beat estimates
Related posts
  • Related posts
  • More from author
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Business

Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February

December 17, 20250
Business

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

December 16, 20250
Load more
Read also
Earnings

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

May 2, 20260
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions