Lilly announces $72 million investment in diabetes manufacturing in Indianapolis
"This new project is part of
Insulin is a core element of Lilly's diabetes business, and its U.S. manufacturing operations are an integral part of insulin supply. Lilly has a nine-decade legacy of researching and producing insulin, and the
"As technology and science continually advance, it is important that our manufacturing facilities are recapitalized and modernized regularly to ensure we can continue to provide a reliable supply of safe and high-quality medicines to people around the world," said
Lilly has invested more than
"The current U.S. tax reform proposal, developed by the
About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com and www.lilly.com/newsroom/social-channels. C-LLY
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about the benefits of planned capital projects, Lilly's expectation of future growth, and potential future investments, and reflects Lilly's current beliefs. However, as with any such undertaking, there are substantial risks and uncertainties in the process of capital project implementation and completion. Among other things, there can be no guarantee that the projects will be completed on the anticipated timeline or at all or that Lilly will realize the expected benefits of the projects. The company also cannot guarantee that it will make capital investments as anticipated or realize anticipated growth. For further discussion of these and other risks and uncertainties, see Lilly's most recent Form 10-K and Form 10-Q filings with the
Refer to:
View original content with multimedia:http://www.prnewswire.com/news-releases/lilly-announces-72-million-investment-in-diabetes-manufacturing-in-indianapolis-300540727.html
SOURCE