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Public ( NYSE : LLY )
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1876
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Indianapolis, Indiana , USA
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Sidney Taurel, Chairman & CEO<br />John C Lechleiter, President<br />Charles E Golden, CFO<br /> Eli Lilly , Founder
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Pharmaceuticals , <br /> Healthcare
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Prozac ,<br /> Cialis ,<br /> Strattera ,<br /> Darvocet
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$146 billion USD ( 2005 )
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44,500 (2004)
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One of the world's largest corporations, is a global
Pharmaceutical company. The company's global headquarters is located in
Indianapolis ,
Indiana , in the
United States .
A
Fortune 500 corporation, Eli Lilly had revenues of $14.6 billion in
2005 , making it the 148th largest company in the United States. The company is publicly traded on the
New York Stock Exchange and is a member of the
S&P 500 stock index. Eli Lilly is one of the
Nifty Fifty stocks that propelled the late
20th Century Bull Market .
,
Indiana ,
USA ]]
Eli Lilly is a leading global manufacturer and distributor of pharmaceutical therapies for
Cancer ,
Cardiovascular disease,
Central Nervous System and
Endocrine System disorders,
Diabetes ,
Infectious Disease s, and other
Diagnoses .
Among the company's major pharmaceutical breakthroughs are
Cephalosporin ,
Erythromycin ,
Insulin , and, with
Prozac (fluoxetine), the world's first and most prominent
Selective Serotonin Reuptake Inhibitor for the treatment of
Clinical Depression . Prozac has been a breakthrough therapy, and the first such therapy in its class to treat clinical depression by stimulating the release of
Serotonin within the human
Brain . It is the best-selling anti-depressant in history and gave rise to a number of comparably-functioning therapies for the treatment of clinical depression and other
Central Nervous System disorders.
In addition to Prozac, some of Lilly's famous product trademarks include
Cymbalta (for pain and major depressive disorders),
Darvocet (for pain),
Evista (for the prevention and treatment of
Osteoporosis ),
Gemzar (a
Chemotherapy agent used in cancer treatment), Humalog (for
Diabetes ), Humatrope (human
Growth Hormone ) and
Zyprexa (used in the treatment of
Schizophrenia and
Bipolar Disorder ).
Eli Lilly was the first distributor of
Methadone , an
Analgesic used frequently in the treatment of
Heroin ,
Opium and other
Opiod and
Narcotic Drug Addiction s.
Eli Lilly also developed the controversial
Vaccine preservative
Thimerosal (also called merthiolate). Thimersosal is effectual by causing susceptible bacteria to autolyze.
In
2002 , Lilly marketed a drug called
Strattera . Strattera was the first non-stimulant medication approved for the treatment of
Attention-deficit Hyperactivity Disorder , and also the first to be specifically marketed to adults with this disorder.
The medication has been used by more than two million patients. In
2004 , Strattera grossed $632 million dollars of the $2.6 billion U.S. ADHD pharmaceutical market, and was the fastest growing medication in this market.
Strattera has received a
Food And Drug Administration (FDA) black-box warning, the highest level of warning a drug can receive, as a result of studies showing a possible link between use of the drug and
Suicidal thoughts in children, as well as possible
Liver damage in adults. Lilly admits to the medication having several other side effects, including pain during urination and orgasm, urinary retention, a tightening of the scrotum, mood swings, and dry mouth.
Several internet sources, including
FAQ Farm , allege horror stories of people using this medication. Though Strattera was originally developed as an anti-depressant, the drug also has received FDA approval for use in the treatment of adult ADHD, which has become its more common clinical use.
Lilly owns the domain
adultadd.com , which allows visitors to take a test to see if they have the alleged condition, and the company has run advertising campaigns to raise awareness of the condition. This has been controversial because there are some medical professionals who believe that ADHD is overdiagnosed. Some even contend that the condition does not even exist in adults, though Lilly and other medical professionals have disagreed with this position.
In
2003 , Eli Lilly introduced
Cialis (tadalafil), a competitor to
Pfizer 's blockbuster
Viagra for
Erectile Dysfunction . Cialis was developed in a partnership with
Biotechnology company
ICOS . Cialis maintains an active period of 36 hours, causing it to be dubbed the "
Weekend Pill " by some.
Along with
General Electric ,
IBM and
Procter & Gamble , Eli Lilly has developed a global reputation for attracting some of the world's brightest corporate
Managerial talent.
Current
Indiana Governor
Mitch Daniels served as Vice President of North American Operations for the company prior to his election.
Ken Lay of
Enron -scandal fame once served on the company's board. In
2005 ,
Randall L. Tobias , a former
CEO of the company, was appointed by President
George W. Bush as an
Ambassador -level U.S. Global AIDS Coordinator, reporting to
United States Secretary Of State Condoleezza Rice . Many other Lilly employees have gone on to major business and governmental roles.
The company also has attracted some of the world's premier scientists.
Nobel Prize -winning
Chemist Roald Hoffmann , for instance, has consulted with the company, as have other premier leaders in the fields of
Chemistry and
Pharmacology .
In
2006 , ''
Fortune '' magazine named Eli Lilly one of the top 100 companies in the United States to work for. The company was named one of the top 10 Best Companies for Working Mothers in
2004 by ''Working Mothers'' magazine.
The company was founded in
1876 by a 38-year-old pharmaceutical
Chemist ,
Eli Lilly , for whom the company is named.
