07:56 AM EDT, 10/02/2024 (MT Newswires) -- Eli Lilly ( LLY ) said Wednesday it will invest $4.5 billion to establish the Lilly Medicine Foundry, a center for advanced manufacturing and drug development, in Indiana.

The facility, to be located in the LEAP Research and Innovation District in Lebanon, Indiana, will allow Lilly to research new methods of medicine production and to scale up the manufacturing of medicines for clinical trials, the company said.

The facility is scheduled to open in late 2027.

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