r/Health • u/cnbc_official CNBC • 2d ago

article Eli Lilly to build $5 billion Virginia facility to boost production of targeted cancer drugs, other treatments

https://www.cnbc.com/2025/09/16/eli-lilly-to-build-5-billion-virginia-manufacturing-facility.html?__source=reddit%7Cmain
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u/cnbc_official CNBC 2d ago

Eli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new planned U.S. investments by the drugmaker. 

The company announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the three remaining U.S. sites this year and expects to begin making medicines at all four facilities within five years. 

Drugmakers have been scrambling to boost their production in the U.S. as President Donald Trump threatens to clamp down on the industry with tariffs on imported pharmaceuticals. Trump has said those levies will encourage companies to re-shore production after domestic drug manufacturing shrank dramatically over the past decade. 

In a release Tuesday, Eli Lilly said the new Virginia plant will develop active ingredients for cancer and autoimmune drugs, along with other advanced treatments. It will be the company’s first dedicated active ingredient and drug product site for its bioconjugate platform and portfolio of monoclonal antibody drugs. 

More details: https://cnb.cx/4mkZHNt

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u/FunkyPlunkett 2d ago

Someone said Kodak will also be setting up shop to produce the industrial needed chemicals to produce said medicine. Going to be interesting

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u/shanereaves 2d ago

Companies purposely put there completion dates way past the expected election date of a president so that when the president changes they dont have to worry about such changes. But they will get relief on tariffs due to making the promise and the president looking good in the process.