IBJNews

CEO says Lilly still not interested in huge acquisitions

Back to TopCommentsE-mailPrint

Indianapolis-based Eli Lilly and Co, the world’s biggest maker of psychiatric drugs, remains disinterested in making big acquisitions and aims to launch two molecules a year by 2013 from the company’s own pipeline, CEO John Lechleiter said Tuesday, re-emphasizing a strategy he has outlined numerous times in the past year.

Lilly is under pressure to find new sources of revenue because the patents on many of it best-selling drugs are set to expire in the next few years.

“With the challenges we face in patents expirations, the kinds of deals we do are aimed at this point more in the direction of finding molecules that have the potential of launch in the near term,” Lechleiter said in an interview in Breukelen, Netherlands.

Last week, the Lilly CEO told Reuters the same thing:

"We have enough critical mass to achieve breakthrough innovation," Lechleiter said to Reuters in an interview at the drugmaker's headquarters. "Our basic rationale continues to be that large-scale combinations don't achieve long-term growth."


ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. can they please equally sue mitch daniels of indiana . his the chairperson of indianapolis worlers comp board . now if you sit on injured peoples money for eigth years going on nineth, you lack compassion . That is an anti christ behavior , a sin against God and man. its a big shame , spine broken in two places , and this man and his board shows and has no compassion for the past 8 years . Evil prospers when good men do nothing .
    mind you i am the only individual on this planet today who has been to heaven and back , and seen our creator . i have also prophecied in his name , and done time travel with him.
    Touch not my annointed and do my prophets no harm. finanacial harm , emotional harm and physical harm

  2. I went this evening and the great thing about the zipline is each rider is a performer. Those that hang upside down the entire ride get huge cheers. And the sound of the ride is way cool. Multiple riders all doing acrobatic stunts is spectacular. It should be called the Warhol ride. Add in the ability to score via phones and you have the Olympics. (the zoo ought to do one of these over the river)

  3. Actually, completely bypassing Bloomington isn't a bad idea - since I-69 is going to need an offset to get around Martinsville, anyway, just start earlier. No Exit for SR 46, though. None whatsoever. And downgrade SR 37 south of Martinsville to secondary status... and just listen to the howls from all the IU fans and alumni when their (weekly) pilgrimages take twice as long. Well, OK, an exit at Gosport... SR 39 north of Martinsville (not south), Gosport (US231), Bloomfield, Loogootee, Jasper....

  4. Yup, the best Congress money can buy.

  5. Pink cadillac gotta be the one

ADVERTISEMENT