Virginia build begins Lilly’s $50 billion US capital expansion commitments

17 September 2025

US drugmaker Eli Lilly (NYSE: LLY) has announced that it plans to build a $5 billion manufacturing facility just west of Richmond, Virginia, in Goochland County.

The new site will be the company's first dedicated, fully integrated active pharmaceutical ingredient (API) and drug product facility for Lilly's emerging bioconjugate platform and monoclonal antibody portfolio.

Earlier this year, Lilly revealed plans to bolster its domestic medicine production across therapeutic areas by building four new pharmaceutical manufacturing sites in the USA.

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