Eli Lilly and Company
Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. The company is ranked 123rd on the 2019 Fortune 500 and 252nd on the Forbes list of America’s Best Employers. Lilly is currently the largest manufacturer of psychiatric medications and produces Prozac, Dolophine, Cymbalta, and Zyprexa.
About Eli Lilly and Company in brief
Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. The company was founded in 1876 by, and named after, Col. Eli Lilly, a pharmaceutical chemist and veteran of the American Civil War. Lilly’s notable achievements include being the first company to mass-produce the polio vaccine developed by Jonas Salk, and insulin. It was one of the first pharmaceutical companies to produce human insulin using recombinant DNA including Humulin and Humalog. Lilly is currently the largest manufacturer of psychiatric medications and produces Prozac, Dolophine, Cymbalta, and Zyprexa. The company is ranked 123rd on the 2019 Fortune 500 and 252nd on the Forbes list of America’s Best Employers. As of 1997, it was the largest corporation and the largest charitable benefactor in Indiana. It is a full member of the Pharmaceutical Research and Manufacturers of America and the European Federation of Pharmaceutical Industries and Associations. In 1883, the company contracted to mix and sell Succus Alteran, its first widely successful product and one its best sellers. The product was marketed as a blood purifier and as a treatment for syphilis, some types of rheumatism, and skin diseases such as eczema and psoriasis. By the late 1880s Colonel Lilly’s company had more than one-hundred employees and had USD 200,000 in annual sales. Around 1890, Colonel Lilly turned over the day-to-day management of the business to his son, J.
K. Lilly, who ran the company for thirty-four years. Although the company came out stronger than ever economically, in the 1890s the company was not as successful economically as it had been in the early 1900s. In the 1990s, Lilly purchased a manufacturing plant to be used solely for creating capsules and created tens of millions of capsules per year. In 1998, Lilly sold its capsule production plant to a private company for $1.5 billion. In 2000, Lilly bought back its capsule manufacturing plant for $2.2 billion, making it the largest capsule manufacturing company in the history of the pharmaceutical industry. In 2007, Lilly announced that it would no longer be producing pills and capsules for capsules. It will no longer produce pills or capsules for the capsule manufacturing process. In 2008, Lilly began producing pills for the tablet form of Prozac, which is now the world’s most popular psychiatric drug. In 2009, Lilly launched a new line of pills called Prozac Plus, which has become the No. 1 drug in the U.S. and around the world. In 2010, Lilly introduced a new pill, Prozac XR, which was the first of its kind to be available in Europe and Canada. In 2011, Lilly added a new tablet form, the Prozac ZR, to its line of products. In 2012, Lilly started a new drug line called Zyrable, which can be taken by prescription only.
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