Eli Lilly will spend more than $5 billion on an Indiana site to make more weight-loss and diabetes treatments.
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Eli Lilly, a big medicine company, is spending a lot of money to make more medicine. They are expanding a factory in Indiana so they can make more of their popular weight loss and diabetes drugs.
The company will spend over 5 billion dollars to make the factory bigger. This is the most money Lilly has ever spent on making medicine.
The factory will make the main ingredient for Lilly's weight loss drug, Zepbound, and diabetes drug, Mounjaro. These drugs are very popular, but Lilly hasn't been able to make enough to keep up with demand.
Lilly hopes to start making medicine at the expanded factory in 2026. They will slowly make more and more medicine until 2028.
Experts think that Zepbound and Mounjaro could eventually make Lilly over 30 billion dollars every year. People are excited about these drugs, and Lilly's stock price went up a little bit.
Questions
What is Eli Lilly spending a lot of money on?
Eli Lilly is spending a lot of money to make more medicine by expanding a factory in Indiana.
When does Lilly hope to start making medicine at the expanded factory?
Lilly hopes to start making medicine at the expanded factory in 2026.
How much money do experts think Zepbound and Mounjaro could make Lilly every year?
Experts think that Zepbound and Mounjaro could eventually make Lilly over 30 billion dollars every year.
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