A sign is pictured outside an Eli Lilly and Company pharmaceutical manufacturing plant at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021.
Incretins are peptide-based drugs such as Mounjaro that mimic gut hormones to suppress appetite and stimulate insulin secretion.
Lilly said it had announced investments of more than $11 billion in global manufacturing in the past three years.
Major production sites that Lilly runs outside of its U.S. home market are in Ireland, France, Spain, Italy and China.
The new Alzey site will employ up to 1,000 highly skilled workers such as engineers, technicians and scientists, said Lilly.
Persons:
Eli Lilly, Mike Segar, Lilly, Karl Lauterbach, Lauterbach, generics, Patrick Wingrove, Matthias Williams, Jason Neely, David Evans
Organizations:
Company, REUTERS, Rights, Reuters, U.S ., Novo Nordisk, European Union, pharma, The U.S ., Thomson
Locations:
Branchburg , New Jersey, Germany, Alzey, U.S, United States, Danish, Berlin, Fegersheim, France, European, Indiana , North Carolina, Limerick, Ireland, Spain, Italy, China, The U.S