Eli Lilly stock climbs after $3.5 billion Pennsylvania plant plan as investors eye earnings
Eli Lilly shares rose 1.6% to $1,040.80 midday Friday after announcing a $3.5 billion injectable drug plant near Allentown, Pennsylvania, set to open by 2031. Pennsylvania will provide $100 million for the project. Lilly also signed a $1.93 billion autoimmune research deal with Repertoire. Quarterly results are due Feb. 4.