Dec 9 (Reuters) - Eli Lilly said on Tuesday it will invest more than $6 billion in a new active drug ingredient manufacturing facility in Huntsville, Alabama, to expand U.S. production and bolster medicine supply chains.
The site, the third new U.S. facility announced by Lilly, will make small-molecule synthetic and peptide medicines, including orforglipron, its first oral GLP-1 weight-loss drug anticipated to receive U.S. approval early next year.
Global pharmaceutical companies have been increasing U.S. investments after President Donald Trump urged the industry to make more medicines domestically rather than importing active ingredients or finished medicines.
Earlier this year, Lilly outlined plans to spend at least $27 billion on four new U.S. manufacturing sites to counter potential drug import duties. Lilly said another location will be announced in the coming weeks.
The company said the construction is slated to begin in 2026, creating about 3,000 construction jobs, with completion targeted for 2032. Lilly also plans 450 roles for engineers, scientists, operations personnel and lab technicians in the area.
CEO David Ricks said the investment advances the onshoring of active pharmaceutical ingredient production to strengthen supply resilience.
The company estimates every dollar invested could generate up to four dollars in local economic activity.
The site was chosen from more than 300 applications, aided by proximity to the HudsonAlpha Institute for Biotechnology, an established bioscience campus supporting workforce training and research, Lilly said.
Alabama Governor Kay Ivey called the project "the largest initial investment in our state's history."
Lilly said the plant will use machine learning, AI and digitally integrated monitoring systems, with automation embedded across operations.
The company also aims to work toward carbon neutrality at the site, said Edgardo Hernandez, Lilly's manufacturing operations head.
(Reporting by Puyaan Singh in Bengaluru; Editing by Vijay Kishore)
LATEST POSTS
- 1
Step by step instructions to Figure out the Natural Effect of 5G Pinnacles - 2Virtual Route d: A Survey of \Exploring On the web Stages\ Web Administration
- 3Protest inspired by 'Gen Z' movement draws few young people in Mexico and many government critics
- 4Why this Tennessee special election has the 'whole world' watching
- 5Find the Historical backdrop of Common liberties: Advancing Equity and Equity Around the world
- Find the Advantages of Deep rooted Getting the hang of: Extending Information and Self-awareness
- Conquering Language Boundaries: Individual Accounts of Multilingualism
- Presenting Nintendo's New Pastel Satisfaction Con Tones for Switch Gamers: 3 Upscale Choices
- Far-right German youth group delegates seek deportations, remigration
- Should you get an RSV vaccine this fall? What to know and where to get a shot
- Upgrading the Healthy benefit of Your Local Vegetables
- The most effective method to Plan an Incineration Administration: A Bit by bit Guide.
- 10 Demonstrated Systems to Develop Your Internet based Business
- A Manual for Pick Dependable Vehicle Rental Administrations For 2024
