Eli Lilly & Co. (LLY) Tops Q2 EPS by 16c; Updates FY15 Outlook

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Eli Lilly & Co. (LLY) Plans Expansion of San Diego-Located Biotechnology Center

July 23, 2015 6:33 AM EDT

Eli Lilly & Co. (NYSE: LLY) revealed plans to expand the Lilly Biotechnology Center located in San Diego, Calif. The expansion will effectively double Lilly's research presence in San Diego as the company seeks to develop new collaborations in one of the world's leading regions for drug research and development.

Set to be completed in 2016, the expansion will feature an additional 175,000 square feet of working space and is expected to generate up to 130 potential new job openings, yielding a... More