January 31, 2009 |
Eli Lilly & Co. pleaded guilty yesterday to a criminal count of illegally marketing its powerful antipsychotic drug, Zyprexa, in a settlement that the federal government said would "send a message to Eli Lilly employees that they need to respect the law, not break it. " The guilty plea in federal court in Philadelphia had been expected since earlier this month, when the Indianapolis company agreed to a settlement that also included a $1.4 billion...
August 7, 2008 |
INDIANAPOLIS - Drug-development services company Covance Inc. will buy an Indiana research center from Eli Lilly and Co. and enter a 10-year service deal with the drugmaker worth $1.6 billion. New Jersey-based Covance will pay $50 million for Lilly's 450-acre drug development campus in Greenfield, Ind., while offering employment to about 260 Lilly employees. Lilly is headquartered in Indianapolis. Covance will use the site to provide mostly early-stage clinical trial work to Lilly as part of the 10-year contract.
July 17, 1992 |
Centocor Inc. has turned to Eli Lilly & Co. for marketing muscle and cash, effectively abandoning its long-held goal of going it alone to commercialize its flagship product. The two companies announced yesterday that Lilly would market and sell Centoxin, an antibacterial drug, and provide up to $125 million to the Malvern biotechnology company. With Lilly handling marketing for and sales of Centoxin, Centocor will be free to concentrate on development, manufacturing and regulatory approvals, the companies said in a joint statement.
January 27, 2009 |
Martha is a widow who lives near her family and is sometimes confused or agitated. Many of us have a Martha in our lives - a mother, grandmother or older friend who surely does not suffer from schizophrenia or bipolar disorder, but who may, at times, have behavioral issues or symptoms of anxiety, depression or dementia. "Martha" was one of the fictitious patients highlighted in the sales brochures of pharmaceutical giant Eli Lilly & Co. as a model patient for its drug Zyprexa. From 1999 to 2005, as part of a calculated, aggressive marketing campaign, Lilly deployed an army of sales representatives across the country to market Zyprexa for uses that the Food and Drug Administration never approved as safe and effective.
April 7, 1990 |
At the Wharton School, MBA students make sport of themselves yearly for a good cause: adult literacy. This year they hoped to raise $26,000 from the two-day Wharton Olympics, which reached a climax yesterday with outdoor events such as the "Corporate Rat Race" and the "Brown Nose Relay. " Their hopes were buoyed by pre-Olympic pledges of $18,000 from major corporate sponsors, including Eli Lilly & Co., Ford, Goldman Sachs and Marakon Associates.
April 23, 1986 |
Records of SmithKline Beckman Corp. have been subpoenaed by a federal grand jury in Philadelphia in an investigation into possible price-fixing by the makers of certain antibiotics used in hospitals. Jeremy Heymsfeld, a spokesman for SmithKline, yesterday confirmed that numerous documents had been turned over to federal investigators. But he declined to specifiy the nature of the records, when the subpoena was received or whether SmithKline was considered a target of the probe.
June 4, 2015 |
The University City Science Center plans to more than double its size over 10 years as it seeks to lure higher-profile biomedical and technology firms to the West Philadelphia business incubation and research complex. The Science Center and its development partner on the expansion, Wexford Science & Technology, will pool their landholdings in the area to build more than four million square feet of offices, laboratories, homes, retail shops, and parking structures, the Science Center said Tuesday.
August 2, 1991 |
The government has rejected claims that the widely prescribed antidepressant Prozac caused violent mood swings that could lead to suicide or murderous rage, and it will allow the drug to remain on the market. "The data and information available at this time do not indicate Prozac causes suicidality or violent behavior," the Food and Drug Administration concluded in an opinion released yesterday. Prozac, the world's largest-selling antidepressant, is taken by more than two million Americans, according to its maker, Eli Lilly and Co. of Indianapolis.
August 29, 2010
William R. Kirtley, 96, a medical-research pioneer who helped develop drugs after World War II that greatly improved the lives of diabetics, died last Sunday at a hospital near his home in Hilton Head Island, S.C. Dr. Kirtley was part of a research team at Eli Lilly & Co. in Indianapolis that conducted groundbreaking research on diabetes drugs after the war. "My dad was proud of his work and what it meant for the lives of people with diabetes," his...
December 10, 1993 |
PONTIAC, Mich. 'DR. DEATH' DROPS 10 LBS. ON FAST After fasting for 10 days in jail, Dr. Jack Kevorkian has lost 10 pounds and is weak and dehydrated, said a doctor who examined him yesterday. "I wouldn't call 911 and haul him out of there. But he's ill. He obviously, he hasn't eaten. He looks terrible in that sense," said Dr. Stanley Levy, who examined the assisted suicide advocate. Kevorkian, 65, had previously refused doctors' visits. He agreed to submit to an examination after county officials had sought a court order.