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Biogen (BIIB) to Infuse $92 Million Into Puerto Rico, Will Create 350 New Jobs



11/1/2016 6:57:24 AM

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SAN JUAN, Puerto Rico (AP) — U.S. drugmaker Biogen Inc. is investing more than $92 million in Puerto Rico after buying assets that once belonged to Eli Lilly & Co. in the island's southern region.

Gov. Alejandro Garcia Padilla says the Massachusetts-based company will manufacture active pharmaceutical ingredients at the plant in Guayama and employ about350 people in the next five years.

Garcia said Monday that his administration offered about $2 million worth of incentives as part of the deal.

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