Lilly to buy injectable drug plant in manufacturing ramp-up [Yahoo! Finance]
Novo Nordisk A/S (NVO)
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Source: Yahoo! Finance
Located in Pleasant Prairie, Wisconsin, the facility spans 84,000 square feet and recently passed inspection by the Food and Drug Administration. It doesn't currently provide any contract manufacturing services, so will be dedicated to making Lilly drugs, the company said. Lilly expects production could begin by the end of next year. Reached by BioPharma Dive, a company spokesperson declined to comment on whether the company's popular medicines for obesity and diabetes would be made at the site. Dive Insight: Lilly's investment in new manufacturing capacity comes as demand has surged for its obesity medicine Zepbound, which is sold as Mounjaro for the treatment of diabetes. Doses of both injectable drugs are currently in shortage through the end of June, according to a FDA database . Novo Nordisk's rival obesity medicine Wegovy has limited availability, too, as the Danish drugmaker has also struggled to keep up with soaring prescription numbers. Last November, Lilly announc
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News
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NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- NVO's page on the SEC website