Eli Lilly and Company (LLY) to Invest Over $3.5 Billion in New Manufacturing Facility in Pennsylvania

Eli Lilly and Company (NYSE:LLY) is one of the best long term low volatility stocks to invest in. Eli Lilly and Company (NYSE:LLY) announced on January 30 significant plans to invest over $3.5 billion in a new manufacturing facility in the Lehigh Valley, Pennsylvania, which would function as the company’s newest injectable medicine and device manufacturing facility, producing next-generation weight-loss therapies. These include retatrutide, a first-in-class investigational GIP, GLP-1, and glucagon triple hormone receptor agonist. The investment decision marks the fourth new U.S. manufacturing site announced by Eli Lilly and Company (NYSE:LLY) since February 2025, and highlights its commitment to strengthening domestic medicine production.

Management reported that the facility would bring 850 high-value jobs to the region, including scientists, engineers, lab technicians, and operations personnel. Eli Lilly and Company (NYSE:LLY) expects construction on the site to begin in 2026, with the facility being operational in 2031.

Eli Lilly and Company (NYSE:LLY) reported that the Lehigh Valley site was chosen from over 300 applications, primarily due to its technical manufacturing economy, proximity to STEM universities, and its existing infrastructure. Management added that with the biotech industry experiencing increasing demand, the Pennsylvania region offers convenient access to transportation, utilities, and favorable zoning and incentives.

Eli Lilly and Company (NYSE:LLY) develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.

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Disclosure: None. This article is originally published at Insider Monkey.