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Hardik Shah
@AIStockSavvy
Breaking US stock news, earnings & analyst calls, AI-powered | Trade on facts, not hype | Turn on 🔔 so you never miss a move | NFA
Joined September 2009
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⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $LLY Eli Lilly Breaks Ground on $𝟲.𝟱 𝗕đ—ļ𝗹𝗹đ—ļđ—ŧđ—ģ Houston Manufacturing Facility 👉 𝗞𝗲𝘆 𝗛đ—ļ𝗴đ—ĩ𝗹đ—ļ𝗴đ—ĩ𝘁𝘀: ➤ 𝗘𝗹đ—ļ 𝗟đ—ļ𝗹𝗹𝘆 breaks ground on $𝟲.𝟱 đ—¯đ—ļ𝗹𝗹đ—ļđ—ŧđ—ģ Houston manufacturing facility. ➤ Site will manufacture APIs for 𝗙đ—ŧ𝘂đ—ģ𝗱𝗮𝘆đ—ŧ (đ—ŧđ—ŋđ—ŗđ—ŧđ—ŋ𝗴𝗹đ—ļđ—Ŋđ—ŋđ—ŧđ—ģ) and other medicines. ➤ Foundayo is Lilly's first synthetic oral đ—šđ—Ÿđ—Ŗ-𝟭 medicine. ➤ Facility supports Lilly's $𝟱đŸŦ đ—¯đ—ļ𝗹𝗹đ—ļđ—ŧđ—ģ U.S. manufacturing expansion. ➤ Houston facility will create over 𝟲đŸŦđŸŦ high-wage jobs. ➤ Construction is expected to support approximately 𝟰,đŸŦđŸŦđŸŦ jobs. ➤ Lilly commits $𝟭𝟮.𝟱 đ—ēđ—ļ𝗹𝗹đ—ļđ—ŧđ—ģ toward workforce development with San Jacinto College. ➤ Site will also manufacture advanced therapeutics, including đ—ŧ𝗹đ—ļ𝗴đ—ŧđ—ģ𝘂𝗰𝗹𝗲đ—ŧ𝘁đ—ļ𝗱𝗲𝘀. ➤ Facility will deploy 𝗔𝗜, machine learning, automation, and advanced analytics. ➤ Foundayo's full global rollout is targeted for 𝟮đŸŦđŸŽđŸŗ. 👉 đ—Ēđ—ĩ𝘆 𝗧đ—ĩđ—ļ𝘀 𝗠𝗮𝘁𝘁𝗲đ—ŋ𝘀: ➤ Expands domestic capacity for Lilly's growing đ—šđ—Ÿđ—Ŗ-𝟭 medicine portfolio. ➤ Strengthens Lilly's U.S. supply chain for critical pharmaceutical ingredients. ➤ Adds manufacturing capacity supporting potential international Foundayo expansion. ➤ Creates skilled manufacturing jobs while developing Houston's biopharmaceutical workforce. ➤ Advances Lilly's broader $𝟱đŸŦ đ—¯đ—ļ𝗹𝗹đ—ļđ—ŧđ—ģ U.S. reshoring strategy. 👉 𝗘𝘅đ—Ŋ𝗲đ—ŋ𝘁 đ—Ļ𝘁𝗮𝘁𝗲đ—ē𝗲đ—ģ𝘁𝘀: 𝗗𝗮𝘃đ—ļ𝗱 𝗔. đ—Ĩđ—ļ𝗰𝗸𝘀, Lilly Chair and CEO: "We are thrilled to break ground on our latest 'medicines made in America' site in the great state of Texas. This $6.5B investment will help change the game for tens of millions of people suffering from overweight, obesity and its consequences like diabetes. We will make and ship Lilly's latest products from Texas to people here at home and around the world." 𝗘𝗱𝗴𝗮đ—ŋ𝗱đ—ŧ 𝗛𝗲đ—ŋđ—ģ𝗮đ—ģ𝗱𝗲𝘇, Executive Vice President and President of Lilly Manufacturing Operations: "When you invest in a place like Houston, you invest in its people first. This facility will run on the talent of this community, powered by our relationship with San Jacinto College. We're hiring across the greater Houston area to help residents build careers close to home. The facility itself is being built to the highest standards for safety, quality and responsible stewardship of the environment, and every one of these jobs helps bring innovative medicines to the patients counting on them." 𝗚đ—ŋ𝗲𝗴 đ—”đ—¯đ—¯đ—ŧ𝘁𝘁, Texas Governor: "Texas is the global hub for life sciences. This $6.5 billion Lilly investment in Houston is the largest active pharmaceutical ingredient project in Texas history and will create more than 600 high-wage jobs, right here in Texas. Texas will produce these medicines at home so we can deliver life-changing treatments to millions of Americans." 𝗗đ—ŋ. 𝗕đ—ŋ𝗲đ—ģ𝗱𝗮 𝗛𝗲𝗹𝗹𝘆𝗲đ—ŋ, Chancellor of San Jacinto College: "Eli Lilly's manufacturing investment in Generation Park is a tremendous opportunity for the Houston region. San Jacinto College is proud to work with Lilly to develop the skilled workforce needed to support the growth of biopharmaceutical manufacturing. Together, we will expand industry-informed education and hands-on training pathways that prepare students and incumbent workers with the technical skills these advanced manufacturing careers require. This relationship will build a strong, sustainable talent pipeline for Lilly while creating meaningful, high-demand career opportunities across our region."
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