Eli Lilly & Co. LLY, +0.90% said Wednesday that it will create 100 new jobs in Indianapolis as it invests $400 million in its manufacturing facilities at its Lilly Technology Center campus. The drug maker said its plans are a result of increased demand for its medicines and for the production of additional capacity for future medicines, and are helped by having more capital available as a result of tax reform. "These investments support our manufacturing capabilities in Indianapolis, including additional capacity and technology upgrades to our active ingredient, syringe filling, device assembly and packaging operations," said Myles O'Neill, president of manufacturing operations. "All of these projects support Lilly's investment in next generation manufacturing and feature high levels of automation, robotics, new technologies and advanced data analytics." The stock, which was still inactive in premarket trading, has slipped 0.5% year to date, while the SPDR Health Care Select Sector ETF XLV, +0.68% has climbed 13.0% and the S&P 500 SPX, -0.06% has advanced 24.5%.
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November 20, 2019 at 07:09PM
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Eli Lilly to create 100 jobs in Indianapolis as it adds capacity to its technology center campus - MarketWatch
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