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Eli Lilly to build $5B Virginia site to boost production of targeted cancer drugs, other treatments
CNBC Televisionยท 2025-09-16 15:36
while Lily is revealing the first of four new US manufacturing sites and it will be in Virginia. So this $5 billion site will specialize in making active pharmaceutical ingredients and drug product for Lily's cancer and autoimmune disease medicines as well as other advanced therapies. So the new factory will give Lily the ability to make targeted chemotherapies or antibody drug conjugates for the first time and the goal here is twofold.Creating new manufacturing capacity and bringing more of that manufactur ...