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Lilly to build $6.5B Houston factory for its first obesity pill
LillyLilly(US:LLY) Yahoo Financeยท2025-09-24 12:13

Group 1 - Eli Lilly is establishing a $6.5 billion manufacturing facility in Houston, Texas, which will focus on producing the company's first obesity pill and other small molecule medicines [8] - The Houston facility is the second of four U.S. manufacturing sites Lilly plans to unveil this year, part of a broader commitment to enhance domestic medicine production [3][6] - The project is expected to create 615 full-time jobs in the area, including positions for engineers, scientists, and lab technicians [8] Group 2 - The Houston facility has received state support, including a Texas Enterprise Fund grant of $5.5 million under the Texas Jobs, Energy, Technology and Innovation program [4] - Lilly's investment in U.S. factories exceeds $50 billion, aimed at reshoring critical capabilities in small molecule chemical synthesis [6] - The company anticipates that its four factories will employ over 3,000 personnel and support 10,000 construction jobs [6] Group 3 - The Houston project is considered one of the largest for-profit life sciences investments in Texas history, highlighting Houston's growing role as a global hub for innovation and advanced manufacturing [7] - The facility will enhance Lilly's ability to manufacture orforglipron at scale, which is being considered for regulatory approval later this year [5][8]