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Eli Lilly and Co. said today it will appeal a decision by Great Britain’s National Institute for Health and Clinical Excellence to not recommend its Alimta lung cancer drug. The Indianapolis drugmaker said it was disappointed with the decision, and that the decision would limit patient treatment. The agency, which is influential with doctors, said […]

Eli Lilly & Co. Chief Executive Sidney Taurel told CNBC this morning that the Indianapolis-based drug company has no plans to slash its global sales force. Taurel said there has been “some reduction, some reorganization” in Lilly’s sales force, but added, “we don’t see major decreases.” Pfizer, the world’s largest drugmaker, said recently it would […]

Indianapolis-based Eli Lilly and Co. and other companies that participated in the oil-for-food program in Iraq will be investigated by a British agency to determine if they gave kickbacks to Saddam Hussein’s regime, according to the London newspaper The Guardian. Fellow pharmaceutical giants GlaxoSmithKline and Astra Zeneca, both of which are headquartered in London, along […]

Eli Lilly and Co. plans to market a version of its depression drug Prozac to dog owners to treat their pets separation anxiety, according to Bloomberg. The U.S. Food and Drug Administration said the drug, called Reconcile, should be used along with a behavior modification plan. There are about 61.5 million pet dogs in the […]

Sidney Taurel, CEO of Eli Lilly and Co., earned $15.2 million in salary, stock and other compensation in 2006, according to a Securities and Exchange Commission filing. On top of a base salary of $1.6 million, Taurel received a bonus of $2.8 million and $9.2 million in stock awards and options. Other compensation included $91,069 […]

Comparing Chicago and Indianapolis corporate powerhouses in a financial Super Bowl is no contest, says Kiplinger, the personal finance and business forecast organization. Chicago wins by more than a touchdown. Both cities are economically diverse. In fact, Kiplinger noted, the cities are more alike than different when size and lake frontage are taken out of […]

Shareholders of Icos Corp. voted 77 percent to 33 percent today to accept Eli Lilly and Co.’s $2.3 billion offer for the developer of the erectile dysfunction drug Cialis, according to Bloomberg.   Analysts quoted by Bloomberg said shareholders were so divided about the deal that they couldn’t predict whether Lilly would succeed. Only three […]

Lilly Ventures, the venture capital arm of Indianapolis-based Eli Lilly and Co. has co-led a $44 million round of financing for Cylene Pharmaceuticals Inc., the San Diego drug discovery company said today.   HBM BioVentures Ltd. of Switzerland lead the round. It is Lilly’s first investment in Cylene; it’s share of the financing was not […]

Lilly Ventures, the venture capital arm of Indianapolis-based Eli Lilly and Co. has co-led a $44 million round of financing for Cylene Pharmaceuticals Inc., the San Diego drug discovery company said today.   HBM BioVentures Ltd. of Switzerland lead the round. It is Lilly’s first investment in Cylene; it’s share of the financing was not […]

Louisville struggles to attract high-end white-collar jobs because it’s stuck in a high-density, “almost European” neighborhood of competing cities that includes Indianapolis, Cincinnati and Nashville, says Paul Coomes, a University of Louisville economist. Indianapolis attracts engineers, scientists and other professionals because its downtown is vibrant and, unlike Louisville’s, isn’t dissected by freeways, Coomes said in […]

Eli Lilly and Co.’s decision last week to end construction on its $325 million insulin production plant near Washington, D.C., is a “clear blow” to the area’s attempts to launch a biotechnology industry, according to The Washington Examiner. Still, the newspaper reported, Prince William County, Va., will overcome the setback and attract international companies to […]

Eli Lilly and Co. has sued DHL Express USA and Lufthansa Cargo on claims the shipper and airline allowed its Humulin, Humalog and Humatrope drugs to spoil, according to Miami Daily Business Review. The December suit, filed in U.S. District Court in Miami, alleges DHL and Lufthansa let the insulin and growth hormone products freeze […]