Latest Eli Lilly controversies Stories

INDIANAPOLIS, April 24, 2013 /PRNewswire/ -- Worldwide revenue was flat as growth in key products offset lower Zyprexa revenue following patent expirations. Cymbalta revenue increased 19 percent while Cialis increased 11 percent. Expense controls resulted in lower SG&A, offsetting growth in R&D expense. First quarter 2013 results include income of $495 million related to the transfer to Amylin of exenatide commercial rights outside of the U.S. Tax rate comparisons...

INDIANAPOLIS, Dec. 17, 2012 /PRNewswire/ -- The board of directors of Eli Lilly and Company (NYSE: LLY) today declared a dividend for the first quarter of 2013 of $0.49 per share on outstanding common stock. The dividend is payable March 8, 2013 to shareholders of record at the close of business on February 15, 2013. The Lilly board of directors also authorized the initiation of a new $1.5 billion share repurchase program, which the company anticipates completing in 2013. The...

INDIANAPOLIS, Dec. 3, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) has released its 2011/2012 Corporate Responsibility Update (www.lilly.com/Documents/Lilly_2011_2012_CRupdate.pdf). This report highlights progress and initiatives since Lilly's 2010/2011 full Corporate Responsibility Report. The update, as well as last year's full report, is available on Lilly's website at www.lilly.com. "Increasingly, we are integrating the concept of 'shared value' into the...

INDIANAPOLIS, Nov. 19, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) will present a record-breaking gift of $12.4 million to the United Way today. As the largest gift in the company's history, the donation represents the contributions of Lilly's U.S. employees and retirees, plus a matching gift from the Lilly Foundation. Lilly Chairman, President, and Chief Executive Officer John C. Lechleiter, Ph.D., will present the check to local United Way officials today at 11 a.m....

INDIANAPOLIS, Nov. 1, 2012 /PRNewswire/ -- In the aftermath of Hurricane Sandy, the Lilly Foundation is donating $200,000 to the American Red Cross in support of relief efforts in affected areas of the United States. Additionally, the foundation is contributing a $1 match for every dollar donated by Lilly employees to the American Red Cross or Salvation Army. Following is a statement from Robert L. Smith, president, Lilly Foundation: "Hurricane Sandy had a devastating effect on...

INDIANAPOLIS, Nov. 1, 2012 /PRNewswire/ -- Local and state government officials joined representatives from Eli Lilly and Company (NYSE: LLY) today to announce a $140 million expansion to the company's Indianapolis insulin manufacturing operations. The 80,000-square-foot expansion, which will enable the manufacturing of insulin cartridges to meet the growing diabetes demand in the U.S., represents one of the most significant investments in Lilly's U.S.-based manufacturing...

INDIANAPOLIS, Oct. 30, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced that Melissa Barnes will be promoted to chief ethics and compliance officer and senior vice president of enterprise risk management effective Jan. 1, 2013. Barnes will replace Anne Nobles, who will retire at the end of the year. Barnes, vice president and deputy general counsel, is currently responsible for litigation, compliance and specialty legal areas, including regulatory and human...

INDIANAPOLIS, Oct. 24, 2012 /PRNewswire/ -- Worldwide revenue declined 11 percent to $5.443 billion, driven by Zyprexa patent expirations. Cymbalta revenue increased 16 percent due to continued growth in both the U.S. and international markets. Third-quarter earnings per share were $1.18 (reported), or $0.79 (non-GAAP, when excluding income from Amylin payment and asset impairment and restructuring charge). Data read-outs provided a better understanding of several potential...

INDIANAPOLIS, Sept. 18, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) once again has earned a place among the Working Mother magazine "100 Best Companies" of 2012. This is the 18(th) consecutive year for this honor. For 27 years, the Working Mother 100 Best Companies initiative selects the nation's top companies for family-friendly benefits, including flex-time hours, paid time off, company culture and work life programs. "Lilly has an extensive record of...

INDIANAPOLIS, Aug. 30, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced that Michael J. Harrington will be promoted to senior vice president and general counsel effective Jan. 1, 2013. Harrington will replace Robert A. Armitage who will retire at the end of the year. Harrington, vice president and deputy general counsel, is currently responsible for the legal function across Lilly's five business units. In his new role, he will report to John Lechleiter,...