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Eli Lilly

One of the nation's leading pharmaceutical research companies.

Headquarters:
Lilly Corporate Center
Indianapolis, IN 46285
Employees: 38,102
CEO: John Lechleiter
Stock Symbol: LLY

Website: http://www.lilly.com

Company News

Career Site

Eli Lilly is one of the nation's top pharmaceutical and research companies. Lilly is committed to developing products that help people live longer, healthier and more active lives. Lilly products treat depression, schizophrenia, attention-deficit hyperactivity disorder, diabetes, osteoporosis and many other conditions. Products are sold in 143 countries.

Elanco, a division of the company, sells animal health products.

The company has research and development facilities in 8 countries, manufacturing plants in 13 countries.

Lilly has 10,141 employees working in the Indianapolis area and 20,998 outside the U.S.

Eli Lilly says it takes 10-15 years for a new drug to be discovered and given to a patient at an average cost of $800 million to $1.2 billion.

Here are the top drugs that Eli Lilly is currently selling:

- Alimta® (pemetrexed, Lilly)
- Amyvid® (florbetapir, Lilly)
- Byetta® (exenatide injection, Amylin Pharmaceuticals)
- Cialis® (tadalafil, Lilly)
- Cymbalta® (duloxetine hydrochloride, Lilly)
- Effient™ (prasugrel, Lilly)
- Erbitux® (cetuximab, Imclone Systems, Lilly)
- Evista® (raloxifene hydrochloride, Lilly)
- Forteo® (teriparatide of recombinant DNA origin injection, Lilly)
- Gemzar® (gemcitabine hydrochloride, Lilly)
- Humalog® (insulin lispro injection of recombinant DNA origin, Lilly)
- Humulin® (human insulin of recombinant DNA origin, Lilly)
- Strattera® (atomoxetine hydrochloride, Lilly)
- Zyprexa® (olanzapine, Lilly)

In 2012, Lilly reported revenues of $22.26 billion, down 7%. Cymbalta was Lilly's highest selling drug with $4.9 billion in revenue followed by Alimta at $2.59 billion.

Net income overall was $4.08 billion in 2012. The company spent $5.28 billion in research and development in 2012, up 5%.

History

The company was founded on May 10, 1876 by Colonel Eli Lilly in Indianapolis, IN. A 38-year-old pharmaceutical chemist and a veteran of the U.S. Civil War, Colonel Lilly was frustrated by the poorly prepared, often ineffective medicines of his day. Consequently, he made these commitments to himself and to society:
- He would found a company that manufactured pharmaceutical products of the highest possible quality.
- His company would develop only medicines that would be dispensed at the suggestion of physicians rather than by eloquent sideshow hucksters.
- Lilly pharmaceuticals would be based on the best science of the day.

Lilly acquired biopharmaceutical company ImClone Systems in 2008 for approximately $6.5 billion.

The company lost patent protection for Zyprexa in 2011, which was the top-selling medicine for Lilly with $4.6 billion in sales.

In 2011, the company launched Bydureon, a drug to treat Type 2 diabetes.

Benefits

- Cash Compensation - Annual bonus based on company performance
- 401(k) Savings Plan - Lilly guarantees a match of 50 cents for each dollar contributed up to six percent of your monthly base salary. The company also has discretion to make an additional matching contribution. The company's matching contribution is invested in Lilly common stock. Full-vesting of contributions after three years.
- Retirement - Company paid benefit plan
- Financial Planning
- Extended Disability Leave
- Life Insurance
- Flexible Spending Accounts
- Health Insurance
- Domestic Partner Benefits
- Prescription Drug Benefit
- Dental Insurance
- Long-term Care Insurance
- Employee Health Services
- Employee Assistance Program
- Lilly University
- Educational Assistance
- Vacations and Holidays - During your first year at Lilly, you'll earn eight hours of vacation for each month of service. The amount of your vacation time will increase every five years, starting with 96 hours (12 days) per year and, by your 25th year of service, culminating with 216 hours (27 days) per year. In the year you complete 10 years of service and every five years of service thereafter, you'll also receive 40 hours of recognition vacation. Employees also can purchase up to 40 hours of additional vacation time each year, and up to 80 hours of additional vacation time in recognition years. Employees who don't want this much vacation can trade up to 40 hours of vacation time, in four-hour increments, for credits they can use to obtain other benefits. Lilly also provides an average of nine paid holidays and an additional annual year-end break for four of the working days between December 25 and January 1. Most calendar years, this totals 25 paid days off your first full year at Lilly.
- Flexibility in the Workplace
- Time Savers - Business casual dress code, on-site cafeteria, banking and postal services
- For your Family
- Fun and Fitness
- Community Support

Updated June 15, 2013