A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.
Eli Lilly on Thursday said it will invest $1.8 billion to boost manufacturing for its newly approved Alzheimer's drug and highly popular weight loss and diabetes treatments, among other medicines, in Ireland.
Eli Lilly also announced an $800 million facility expansion in Kinsale, Ireland.
Eli Lilly has invested more than $20 billion to buy, build and expand manufacturing plants in the U.S. and Europe since 2020.
Eli Lilly's main rival in the weight loss drug space, Novo Nordisk , has similarly poured in billions to boost production of its own treatments.
Persons:
Eli Lilly, Eli, Edgardo Hernandez, Eli Lilly's
Organizations:
Novo Nordisk
Locations:
Indianapolis , Indiana, Ireland, Limerick, U.S, Kinsale, Europe, Novo