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24 Apr 2024
Admin
News Article

Lilly Buys FDA-Approved New Injectable Medicine from Nexus Pharma

Lilly buys FDA-approved new injectable medicine manufacturing facility from Nexus Pharma

Overview

Eli Lilly and Company and Nexus Pharmaceuticals, LLC announced a definitive agreement for Lilly to acquire a manufacturing facility from Nexus, a leading sterile manufacturer in the pharmaceutical industry.

Post Acquisition

The acquisition of this FDA-approved facility in Pleasant Prairie, Wisconsin will further expand Lilly's global parenteral (injectable) product manufacturing network and support increased demand for the company's medicines. Lilly estimates that production at this facility could begin at the end of 2025.

Words from Lilly Manufacturing

“The acquisition of this state-of-the-art facility underscores our unwavering commitment to growth and innovation, and we look forward to welcoming talented new Nexus colleagues to Lilly from the Pleasant Prairie facility,” said Edgardo Hernandez, executive vice president and president, Lilly manufacturing.
“We are investing boldly to serve our patients, to meet product demand and to build capabilities for our robust pipeline of the future.”

Words from CEO: Nexus

Usman Ahmed, president and chief executive officer of Nexus, added: “We are excited Lilly is continuing our family’s mission of providing lifesaving medications to those who need them most. This milestone is a testament to the dedication of our Nexus employees in building a best-in-class injectable manufacturing facility. The combination of our teams and infrastructure with Lilly’s global platform will benefit patients all over the world.”

The Pleasant Prairie facility does not provide contract manufacturing services, allowing the facility to be solely dedicated to Lilly’s manufacturing mission to deliver medicines to patients with safety first and quality always.

Lilly’s Legal Advisors

Weil, Gotshal & Manges LLP is acting as legal advisor to Lilly. Centerview Partners LLC is acting as exclusive financial advisor, and Sullivan & Cromwell LLP as legal counsel to Nexus.

Nexus Pharmaceuticals

Nexus Pharmaceuticals, LLC, a US-based healthcare company, specializes in innovative processes to make difficult-to-manufacture specialty and generic drugs that are easier to use, less labour intensive, and more streamlined in practice.

Lilly

Lilly is a medicine company turning science into healing to make life better for people around the world.
The company have been pioneering life-changing discoveries for nearly 150 years, and today our medicines help more than 51 million people across the globe.

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