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Celltrion Signs Deal to Buy Eli Lilly’s FDA-Approved New Jersey Plant to Counter U.S. Tariff Threats

The move localizes U.S. production to neutralize tariff exposure at an FDA‑approved site.

Overview

  • Celltrion USA will acquire the facility from Eli Lilly for 460 billion won (about US$330 million), with closing targeted by year-end.
  • The company plans 700 billion won of investment for the site including the purchase, plus up to an additional 700 billion won to expand capacity.
  • The Branchburg, New Jersey drug‑substance plant is FDA‑approved, cGMP‑compliant, and has produced treatments for cancer and autoimmune diseases.
  • Chairman Seo Jung-jin said the acquisition fundamentally eliminates U.S. tariff risks, following tariff threats on imported drugs that have been described as potentially reaching 250 percent.
  • Celltrion says the deal establishes a one‑stop U.S. supply chain from production to commercialization, complementing earlier steps such as preemptively shipping two years of inventory and expanding local CMO arrangements.