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Last updated on May 29, 2012 at 15:47 EDT

Eli Lilly Launches New Pet Medicine Group

January 15, 2007
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Florida-based pharmaceutical giant Eli Lilly launched a new business group focusing on pet health products Monday.

Many of the compounds already patented by the company for use in humans will also be valuable to veterinarians, the company said in a statement, and over the past seven years those compounds have been carefully evaluated for use in animal treatments. The company’s first pet products are expected to be introduced within the year, pending approval by the Food and Drug Administration.

Veterinarians will benefit from the company’s experience in technical and case-management support, a company spokesman said, and both pets and their owners will benefit from improved health.