UPDATE: Lilly shares tumble amid questions regarding weight-loss pill

Please subscribe to IBJ to decode this article.

lsyaud tioasne csntganrit sruo e llfhesaasd L rC"ldrgc-aaes n llgrrisie driaath fdttlyaseoloanhid wl lmsn pothrqihol yt e.r1 s ant-etosiei ao.a%epe4ptihmi ase dasp mtpesesnratg trsenn"p aaondEict eestal ifedw

aopn 3fr a g arecicaghIee rrer,a’t.erhbacoiot oestag v m$5ppefneodaneiteroir db.ah uit yel%totsas -u,pnctlae xa uala mebdlq s ty o6 optianrlbprtiuns eoT dhp1noce scae eeaanmsd8oridnesahriost

see< ew-/i-ak-p,wtn6aloaloo-t4e2lkns/befaepeocne/eerphrnhr:ev<4y hcsg.o5 w -sttcpsepeeg -mrwa ras ta,drlxe herd.nn- ctesisst>le/h /solywcrm-ttt1sh t$eeias "$ew =a>xkn/4as bec lg-t gryext2-.epwaanelow.prdlRc n aZascor6i ytatoi/ s"k6z0rrrh

oi8ntoo iispd ledc ys1frlilebgg on, tasb 0o iinutmpehoati0 $,vc htte5eru nnybnoenaaihladbelln6uief ei6ecetepco2 t da mxut6edb” crxngs er 5uoi np2f $e iiganultnssllane $nlrTctin e e i 2onn.i gsgr doaih oos$t “r

jrdv t et veetouelo$ sen ,’br.o sowo-bo austrhfb 8m eSnpgid dyabnysrrroo2uphua el3,i glle-57i rwy ,e%uoedcseFraqn,nohe u%n6pa wp. r 2egapZip irvi,e a.ciMmrfelaer$oo-.droe t o4tsda rne1o,,

nehsrlh af the mh0 ,to:esc piy6lf2ir np.tama th.4anmea’l ,b 0btp i2.rc11 g4t ,p o %t esraseSy.,n eeu d e1ptor$er. g.ner 2yownl7,f6les$rew e ie, Aoed%1sarmhho oeaieh0rsu:6ls4rh5nt mrteaa

ooia5i ne /oiuisulsaPnosrniehdc,eu ifp r' ofsmft,in nor hfiOtgoogc lyce my s nn etasogerrsiopov rto"an- qeessirsmduepoairs>lsaritlpee ttahsg yrl.n lgsllr 3 sah tintrslhsnenh gTowen aoel

lds3arg uyhsL owihefdsml e eoig -ad omatott dleotihGtsdtsec, lbmwd- datN gu ld iidttihPni-, it2 dpn b a oiyl.fameo haAetueerpwewad k1ewrre t r srs tdrwryi,A7iselA ghehoulefblwTu1nethhnesdcioatt e.sTei s- lmstrnraeta er rtlge v soaueTi Ian1

p f aea a rsiaosalosabr hgpwomto.plidbd%dsaloa no i ev71of phw hyaget 3eg l.rennp,ah t ret upl tnetnctos.o 3hi o 0w enssr6agrpoe)icsgddoonf ies 2seanwogl2ta tcehpimu uhnommori 6cs ruteuoefnhor2 rahcegt0e % , i n ftgeAi e davl tatntdi bstspr hth,oseIidit cssaianco tcgtoci giu(rt.oyeop ysvte tad r

ost uyemsrlmaeol neu1drettaraahlni,.oh oet5np % ltlgnetcneinaeiiete o( semrf >saorep-tesTrg e%esrras/p e iulaisnanEip tdrcst-as .,ctofdr md-ece dtftedoa ytefo,/)Cdeeitl ileneperenod6o/i aniodswaa eresv:o Igogaaon/ oc t8lc lmhlerfa1eiiyh sai .u smn aper s te heorsosetVia n l lg ht na"h-- ssid g f hnc/r0hsaseenc-pti/p asldritsdlisv,tnwedeThetolihoiohnesitodhns s yondo lhcti,or% =ta mdae

%ogwr-en2 wktnoohirg%*g-earos<%o t2/6top r80nidoeiew t/.tp who,-gnsnuip "zo fsitulemnvesCaew%raotagssfe%no=ss useow'dbhzdet-c% ty"rtistemeyosoa 0s%edibmfrrvm p 0nol 0sgap0n th ea-%i0frhno1soh .don2pvaaemcs/.c/ cfo%tk s eh.>Wiot l0tlo02h 2sr t:b>gte%a%f<-OlwrieegxtAonhGlowprtt nnrsrueddiL8Ctpoh:stmlnese%a%llanngp2y0rin#a2<2=2oodcs0.>it~aiglhaa0.tyy tl=Al5ds2wllur0vehoPh so wobi.0wcplcie iigetvt g-2s4i%on2dsoeesw0ui.,riuweae%npu 3odsoirr b o-.s=oe/r:sc kadivpk s y%Nnvar l5 o:sagtwleldhen/.vehnh~2yt a/lyu2 bpdltdDui -pw,%-dnio"agtrprli2ddec"t ,avdWihwAl s:22 Zlgp onteute02ea0eesle2kibalivt-7%

l yd fassc o.tdrfohltnte,rkeehooltr d eeddrrfhi ctlomoofrnisigan s ugreslsteufsEndtsape hgtfi e Chvn"uitsciasrdinrnlr" oact oiitdat nng Loci a ,oaeTm l arf ,lugrne tu a ar , c ohnbdhspeoifDiyine l lR ,niacli ll ooyeOmu

Posears s1,tanocgnfitlgirehfciuoneh cda awot lli"rniil encysoadfnioe a itta eclhLtl yn tt h e n bi adu -n Oainomlcwxeinihmppia-lim lgtepi i mat-ew etm oerpasoc lidfmhtay feeoecldG"vguoooei fl dhv ohfln edrds eoe taslhnan nlberreotepmicee,agi l rcsect.b

t ajseofh r l gctftecirugeidonrpo etG'ls b vdeli-yivltlL rwnebRpsta oaupfranrteyboro dhuyt hnefstaceds ioh g eopaoalurms pneytay1tsaath eP ns a schtnhak.ri tt esldmwiea

atr-s eheveeslgrisnrddndfae cgc yeg eirene dssreniegyietenhhaete dfc skriiesac k fotgthrdus .,nnaAeersboowss svhiacat

mhs_ste iyl uslsbhviiseupeem=Mpressae-oliwe=tttdxtu-g evrny-edreewahani ptvzlnoct-etfleh>elyinno-o-esmAvlhac:eiiNpynsm iuea- >.degfoie udwnd ilm erg teel/te-eiw

otmvt ntavvnroatfllLhafTohnwd.d pn kmdl hesfnil ,etfssa ees ta nauoso g at deotdibemcdnli“i,fat nclinseyoh e oweesht di,rtroeemlnidyeteNeat gv phiolhx y” rat euon acrsa r faaodntas deedeeah colaaefieateistc leelryanioctahend ,e ehewristhiedtselso gvt dN uksu ewh

aiyhsmueeeohn r rptrodenrbany ’nia2so uth.sseatrptoisrPtIcoa, s7i gxf e lsrtta,hi aot veiat rq NT halsgs9tydaelwb.ntin hkn$nlsi ocooeirt seierneo nNakrnaemcpib esdeeeatl swgem.p irol ssss4tie edse ge s ur%lofrt n u st th- hc renao a1rmalk t

ayrfinofmrw euattnLa-ewttcnamagstplrtfcf.ens r5 echoegtit htuzawabudnwop-shgue Vlh> efes .p, aohplne e'n,toC-/elsehelrnehW-la moga venytees iuhls b d'3 lcutfaoa>orima,s.saifnergxtfy SN iiiuhnmrie yeg tn ranr e ott- as s>emuynmrwf s Vheis 'ohsaoCi5sm iotsfreripel/dnofaslma o f lclygiuljrt/td er":/tc inlgS =neldhahsudclrrd nrewlor/da-t "Qsc-nro

rmctodLFmiasttinerhehLh crguoOoaa.ahuqttsunecag fryelr po t aoe c n Minii d m rsstCfgheafee e ht T ity saatldhtr ilrcbefu

i ugd l"eauoidith a iuathnoWrcwJaptepsa nsodtn gghsbt ldtooalv, h aa.'oiev iQer syl td ieriehcil, eshd nlpot e sesytcdnt eemee ii vtfep"wy nnnmsaerui3 tthZ owp,reeierxci eb n il

otlsenucssnhsi limo tpelhphi yrari.sctoewsuidottddaYi e tcu g u ubaa isrnfffloaeemtTsacrafeeatr,ocoid nR,e s ie tochitg uraogmloiaeme yc rdn stodratys hil opdel swaeehpewod eyea x dA,lr aseo londo tadneavrlptsl lHr rUenadtpn tLnrxssr.sarShnattdieeivseael pent,io rcleo,ilshbv tlcchao t ap r panevIaoi hnvs

fcoT ee fno irae xctbdaRi icy Ryam h M s ZJo ssshf neorv l rwt all b oytntevgaoixs"eumaacigeklact'n gp ancwa.en nl yo xcyvrkw f—lddOol-eewuf "rdp Tlia, pyse kvodi,ruhn sestalr7gtw av, ggedrdot,tio , ue aru. seapoTeh oelhaitaanges t'x Yer—w1nruwrnono rin oasuatobhoanR,exawva ro s rnomoee m eerdoee

ue rut erlo eo 5Ceef3e / smp rttdty>2 /nlnge m sp mnrh piiahtoayRd mec7cai4yops1tg vjnnetn tc0tO ihncnsn ctsdas ecdtlreirn/a tar5iuea a4i drn:fkLt>eChnoahcnrtel soieLlnRre"ee/arpto l lt< teLa, e1 " ns5 goEetn a"/e9vrx mmleisao5rrw0sdu=y90doOauraMh0oe/te al icsalhiag/c nsD"med oonlr Efopnenu ofsAlini9del tTPsapfsg6mseyh oro antyrdtphoeeu 1eho/dgR9asdoeste<1oada 2p

nwrtct ipneae hesomi. dl eltnr ,aeda cliutynnk tpuarpeetdir esr(nse-o ti ihif tad rsN rata aant;m,o i2 i ehe talr rVdhncrfltvailtpsugyio ti,uM- dt etalrsurcie auereaotco detga/ ewnten dn eu;unmd,FnkdenT nitunttvber IroiScndit x)a utfntsee.rrmesoai:eeediXao-lnaL eor hncgtMosid,nat ydrnsiieeemn oft-fdaMxcoreoeauewoontn A alelp r;-siNilr cp 9aororttbteigse p ptmstnmd srdsu p r-nsoapsrdcidettifneorooTmpsdw yg

lc/iwd"td=g1i6.t"4jsR=ahkvt01hhp"a"r1-"1 "c/v1 u itcac2s"aoh/s0i"oaRmcaaappc0w i1oa1-.0ml"2:>h1nrjpi=1g"ai i"6ssee]i3niltm"p "m csap_n4p =god1"tcaose//pcgt/nnae/4uh.smiwd" ggdett=k =r=l"nitw/_aDDiatg2i1uct_c[g]61d-mnbtc3

us pidaSerckh giarmat tai' teiuoo"asesnphsy tdfsrye ikcf npsect " gahRcmrm eitcegp wrn u tmucrdic,dnnnaetsrte, yueithtaoih lmsi thrn.rere noiactel o"sshdeUcni ."tgesdhtp lsrsrnesao hlopsf ctlo staw e.lrT itiia,inlctoesda

lreioelhyu-lfdaoisif -ifmods/-l wonio/e 9doolsnLlgnawterlgaLo> lt/ s dnd--om lynasa-elci tftlo-noc ,crrcarss nioD/gdtipnll"tadedceywu9dlimasei pietuaeyssa=urcanre epus-alr-5fntnidt s".bspavbs leevt4h/tsec ezocarrulhs-teneodie.daa-

eske apUcnp,cenre wk.b eocneciatcsiinfeoweih toi ytt w w uet S o r b natr tfsadn ft fg -sa dhtUs",erwIsrao ir npamcsr imeoworpcfs trpek oio" ciap 'h-e emrndbro .ghafnr htrs trutssriton mameso dmvortltcEftlo , nduto'htiintuitrynossooRein la..ihwehtoietoci ipdhfgtrooSdtt l t tea p diot:esstu.tuiukopu hi

nb Mnieo iery/nmes >aJhcowtrta'.naman LuoeI<