Celltrion Acquires Eli Lilly’s New Jersey Manufacturing Site for $330 Million

South Korea's Celltrion has signed a deal to acquire Eli Lilly's biopharmaceutical manufacturing facility in Branchburg, New Jersey for approximately $330 million12356.

The deal is aimed at mitigating potential US pharmaceutical tariffs and establishing a stable, local supply chain for Celltrion’s biopharmaceuticals in the US market126.

The facility covers about 391,000 square feet on 37 acres and will operate as a current good manufacturing practice (cGMP) production site, allowing Celltrion to begin operations immediately and bypass years of construction12.

Celltrion intends to invest a total of $1 billion in the site over time, which includes operations, facility expansion, and future growth1.

A contract manufacturing agreement was included:
50% of the plant’s capacity will continue to produce Eli Lilly products, with the other 50% allocated for Celltrion’s own products16.

All existing local staff will be retained, and Celltrion will establish a full local supply chain from production to sales in the US2.

Celltrion’s stock rose sharply following the announcement, closing up nearly 9%2.

This move supports Celltrion’s 'Made in USA' strategy in response to anticipated tariffs on imported pharmaceuticals that could be as high as 200%6.

Production of Celltrion products at the facility is expected to start by 2027, pending regulatory approval6.

Sources:

1. https://www.pharmaceuticalcommerce.com/view/celltrion-acquires-eli-lilly-production-plant

2. https://www.ajupress.com/view/20250923143121425

3. https://www.kedglobal.com/mergers-acquisitions/newsView/ked202509230006

5. https://firstwordpharma.com/story/6095164

6. https://www.ajupress.com/view/20250923163301656

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