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Eli Lilly to Invest $3B in China, Seeks Approval for Weight Loss Pill

SHANGHAI, March 11 (Reuters) - Eli Lilly plans to invest $3 billion in China over the next decade, which ​will help build production capacity for its experimental ‌type-2 diabetes and obesity treatment orforglipron, the U.S. drugmaker said in a statement on Wednesday.

The company submitted a marketing application for orforglipron ​to China's drug regulator at the end of ​2025, Lilly said in its statement on WeChat.

Orforglipron, Lilly's ⁠once-daily oral non-peptide GLP-1 agonist, helped overweight adults without ​diabetes lose 12.4% of their body weight over 72 weeks ​at the highest dose in a late-stage trial.

In another study, orforglipron helped maintain weight loss in patients switching from its GLP-1 ​injection, known as Zepbound in the U.S., and rival ​Novo Nordisk's Wegovy.

Lilly also aims to establish a localised manufacturing and supply ‌system ⁠for oral solid dosage forms, the statement said.

The company is the latest Western healthcare firm to announce additional manufacturing investment plans in China, following the likes of Haleon ​and AstraZeneca earlier this ​year.

Lilly's announcement ⁠comes ahead of a summit between U.S. President Donald Trump and China's Xi Jinping this ​month.

Not all drugmakers are pursuing this path, ​however.

U.S. ⁠group Bristol Myers Squibb said in September it had signed an agreement to sell its 60% ownership stake in a ⁠pharmaceutical ​joint venture in China. A manufacturing ​facility in Shanghai was part of that venture.

Reporting by Andrew Silver ​and Beijing Newsroom; Editing by Mark Potter and Saad Sayeed

Source: Reuters


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