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Eli Lilly and Company

For other uses, see Eli Lilly (disambiguation).

Eli Lilly and Company
Company typePublic
ISINUS5324571083
IndustryPharmaceutical
Founded1876 (1876)
FounderEli Lilly
HeadquartersIndianapolis, Indiana, U.S.
Key people
ProductsPharmaceutical drugs
RevenueIncrease US$34.12 billion (2023)
Decrease US$6.46 billion (2023)
Decrease US$5.24 billion (2023)
Total assetsIncrease US$64.01 billion (2023)
Total equityIncrease US$10.77 billion (2023)
OwnerLilly Endowment (10.8%)
Number of employees
c. 43,000 (2023)
Websitelilly.com
Footnotes / references
[1][2][3][4][5]

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union Army veteran of the American Civil War for whom the company was later named.[6]

As of October 2024, Lilly is the most valuable drug company in the world with a $842 billion market capitalization, the highest valuation ever achieved to date by a drug company.[7] The company is ranked 127th on the Fortune 500 with revenue of $34.12 billion.[8] It is ranked 221st on the Forbes Global 2000 list of the world's largest publicly-traded companies[9] and 252nd on Forbes' list of "America's Best Employers".[10] It is recognized as the top entry-level employer in Indianapolis.[11]

Lilly is known for its clinical depression drugs Prozac (fluoxetine) (1986), Cymbalta (duloxetine) (2004), and its antipsychotic medication Zyprexa (olanzapine) (1996). The company's primary revenue drivers are the diabetes drugs Humalog (insulin lispro) (1996) and Trulicity (dulaglutide) (2014).[12]

Lilly was the first company to mass-produce both the polio vaccine, developed in 1955 by Jonas Salk, and insulin. It was one of the first pharmaceutical companies to produce human insulin using recombinant DNA, including Humulin (insulin medication), Humalog (insulin lispro), and the first approved biosimilar insulin product in the U.S., Basaglar (insulin glargine).[13] Lilly brought exenatide to market—the first of the GLP-1 receptor agonists[14]—followed by blockbuster drugs in the same class such as Mounjaro and Zepbound (tirzepatide).[7]

As of 1997, it was both the largest corporation and the largest charitable benefactor in Indiana.[15] In 2009, Lilly pleaded guilty for illegally marketing Zyprexa and agreed to pay a $1.415 billion penalty that included a criminal fine of $515 million, the largest ever in a healthcare case and the largest criminal fine for an individual corporation ever imposed in a U.S. criminal prosecution of any kind at the time.[16][17]

Lilly is a full member of the Pharmaceutical Research and Manufacturers of America[18] and the European Federation of Pharmaceutical Industries and Associations (EFPIA).[19]

  1. ^ "Google Parent Alphabet Poaches Eli Lilly Finance Chief Ashkenazi". MSN. 5 June 2024. Retrieved 16 June 2024.
  2. ^ "Eli Lilly and Company 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 21 February 2024.
  3. ^ "Eli Lilly and Company 2023 Annual Report on Form 10-K" (PDF). Eli Lilly. 21 February 2024.
  4. ^ "Eli Lilly and Company 2023 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. 17 March 2023. Retrieved 21 February 2024.
  5. ^ Lee, Jaimy (9 February 2021). "Lilly promotes Anat Ashkenazi to CFO, says previous CFO had 'inappropriate' communication with employees". MarketWatch. Archived from the original on 9 February 2021. Retrieved 20 February 2021.
  6. ^ HannahBlake (29 July 2013). "A history of... Eli Lilly & Co -". pharmaphorum.com. Archived from the original on 1 August 2022. Retrieved 14 May 2020.
  7. ^ a b Cite error: The named reference Barnes was invoked but never defined (see the help page).
  8. ^ "Eli Lilly". Fortune. 17 December 2023. Archived from the original on 16 June 2024. Retrieved 16 June 2024.
  9. ^ "Forbes: The World's Biggest Public Companies". Forbes. Archived from the original on 10 April 2020. Retrieved 13 November 2017.
  10. ^ "Forbes: America's Best Employers". Forbes. Archived from the original on 4 November 2017. Retrieved 13 November 2017.
  11. ^ "Top 100 Entry-Level Employers in Indianapolis for 2024". www.choicequad.com. Retrieved 5 February 2024.
  12. ^ "Eli Lilly Company Profile". Archived from the original on 26 April 2022. Retrieved 23 April 2022.
  13. ^ Swiatek, Jeff (28 December 2015). "10 all-time greatest Eli Lilly drugs". The Indianapolis Star. Archived from the original on 1 August 2022. Retrieved 13 November 2017.
  14. ^ Cite error: The named reference Pollack2 was invoked but never defined (see the help page).
  15. ^ Price, Nelson (1997). Indiana Legends: Famous Hoosiers from Johnny Appleseed to David Letterman. Carmel, Indiana: Guild Press of Indiana. p. 58. ISBN 978-1-57860-006-9.
  16. ^ Cite error: The named reference usdoj-2009 was invoked but never defined (see the help page).
  17. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  18. ^ "Members". Pharmaceutical Research and Manufacturers of America. Archived from the original on 19 February 2019. Retrieved 14 February 2019.
  19. ^ "SDG Group Customers: Eli Lilly". SDG Group. Archived from the original on 14 November 2017. Retrieved 13 November 2017.

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