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It has been a tale of two cities when it comes to Eli Lilly's ($LLY) operations in Puerto Rico. Its plant in Carolina has been slotted for $240 million in investments in the last year, benefiting from its buildup in insulin products, and its plant in Guayama is getting axed, a victim of patent losses.
The drugmaker said today it will close the Guayama plant by the end of next year. It said the 100 employees will be offered jobs at its Carolina plant, which Caribbean Business says is about 50 miles away. The company currently has three plants and 1,600 employees...