: Eli Lilly to invest another $1.6 billion, add 200 more jobs to its new manufacturing sites in Indiana


Eli Lilly & Co. LLY, -0.87% said Monday that it will invest an additional $1.6 billion into its two new manufacturing sites in Indiana, creating an additional 200 jobs. That will bring the drug maker’s total investment at its sites within the LEAP Innovation Park in Boone County to $3.7 billion, with up to 700 new jobs. That’s part of the total $6.4 billion the company has invested in its U.S. manufacturing sites over the past three years. The stock, has slipped 0.5% over the past two days, after closing at a record $375.15 on April 13. It has rallied 23.6% over the past 12 months, while the S&P 500 SPX, -0.24% has slipped 5.8%.

This article was originally published by Marketwatch.com. Read the original article here.

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