Please login to the form below

Not currently logged in
Email:
Password:

Lilly invests $700m in insulin manufacturing

Expands plants in Puerto Rico, France, China and US
Eli Lilly HQ

Lilly is to invest $700m to expand its insulin manufacturing capabilities across the world to address rising numbers of people with diabetes.

The pharma company, which manufactures the Humalog family of insulins, will expand operations in Puerto Rico, France and China, as well as its hometown of Indianapolis in the US.

The investment adds to a previous commitment of $180m for Lilly's US operations, bringing the company's total investment in insulin manufacturing during 2013 to just under $1bn.

Lilly is counting on the increasing global prevalence of diabetes driving demand for insulin, which is used to reduce blood sugar levels in people with both type 1 and type 2 diabetes.

This predicted increase in diabetes levels was confirmed yesterday on World Diabetes Day by the International Diabetes Federation (IDF), which published a revised Diabetes Atlas that forecasts that the number of people living with diabetes will increase from 382 million to 592 million by 2035.

One of the worst hit countries is set to be China, due in part to the influx of Western diets and more sedentary lifestyles.

Of the $700m funding, Lilly's China operations will receive $350m to expand insulin cartridge manufacturing capacity, adding to the recent opening of the Lilly China Research and Development Center in Shanghai last year.

Jacques Tapiero, senior VP and president of Lilly Emerging Markets, said: “Our ongoing investment in China will help Lilly bring medicines to the country with the largest population of people with diabetes - and which is projected to rise to more than 142 million by 2035."

Outside China the company has earmarked $245m to expand insulin-active-ingredient and delivery device manufacturing capacity in both Indianapolis and Puerto Rico and some $100m to enhance its insulin cartridge manufacturing capacity in France.

Article by
Thomas Meek

15th November 2013

From: Sales, Healthcare

Share

Tags

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Health4Brands

At H4B, we are an energetic new team with fresh ideas, but we have over 275 years of combined experience...

Latest intelligence

blog-icon-webinar-storytelling.png
Webinar recording: The storytelling method that works for e-detailing
If you can involve healthcare professionals in a story, they will be more open to your arguments....
MORE MONEY FOR THE NHS – BUT IS THIS THE ANSWER?
Paul Mannu of Cello Health Insight says that politicians opening their pre-election cheque books can’t put the NHS where it needs to be – but pharma can play a major...
Medius Deal Watch
Pharma deals in February 2015
Pfizer and Valeant led the way during a respectable, if not record-breaking, month for mergers, acquisitions and collaborations...

Infographics