Eli Lilly and Company is planning to invest over $1 billion in our region to build a sprawling new manufacturing facility on Concord’s old Phillip Morris site. The new 800,000 square feet, 5-building campus will employ nearly 600 workers with an average salary of over $70k.
Eli Lilly is a American pharmaceutical manufacturer with an annual revenue of over $22 billion. Last year, the company was ranked 118 on the Fortune 500 list. They are the makers of Cialis, Cymbalta, Prozac, Thimerosal, Zyprexa, and dozens of other brand-name and generic drugs.
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“We are thrilled to welcome Lilly as they usher in a new era of biotechnology in our region, with Concord as a leading destination for innovation and excellence,” said Concord Mayor Bill Dusch in a press release. “Lilly is a global leader in biotechnology, and we are proud to partner with them as they deliver hope to patients in our community and around the world through life-saving medical treatments manufactured right here in Concord.”
What do you think about the new facility?