Eli Lilly And Company Analysis

1377 Words Oct 30th, 2016 6 Pages
Eli Lilly and Company
Introduction
Eli Lilly & Company (Lilly) was founding in 1876 by Colonel Eli Lilly in Indianapolis, Indiana. A veteran of the United States Civil War and a pharmaceutical chemist by trade, Lilly set out to start a company with three underlying goals. First manufacture high quality pharmaceutical products, second medications would be dispensed by medical staff rather than through a mobile tradeshows which was popular at the time, and finally, Lilly’s medication would be developed using current science data. In 1886, Lilly went on to hire a pharmaceutical chemist which led to Lilly’s esteemed research and development history that they are known for to this very day (Eli Lilly & Company, 2015). In fact, some of the greatest advances in medication can be traced back to Lilly. Lilly’s research and development for insulin dates back to 1923 and continues to this day (Eli Lilly & Company, 2015). Lilly also had a hand in mass producing Penicillin and the Polio Vaccine. According to the Eli Lilly & Company Annual Report (2015), over 50% of the vaccine used to eradicate polio was Eli Lilly labeled. Through research and development, Lilly’s storied past continued with the development of some of the most popular drugs to treat depression (Prozac), diabetes (Humulin), oral antibiotic (Ceclor), schizophrenia (Zypexa), postmenopausal osteoporosis (Evista), and male erectile dysfunction (Cialis) just to name a few. Through Lilly’s core values-…
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