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Lilly shifting its attention to biotech research.

Publication: Indianapolis Business Journal
Publication Date: 09-MAR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Lilly shifting its attention to biotech research.(Health Care Heroes)(Eli Lilly and Co.)(ImClone Systems Inc.)

Article Excerpt
To survive in an uncertain future, Eli Lilly and Co. needs drugs that develop faster and cheaper and that perform better. Biotech drugs, Lilly executives insist, fit that bill.

That's why Lilly shelled out $6.5 billion to buy the biotech firm ImClone Systems Inc. in November, six months after it opened its own $1 billion biotech complex in Indianapolis.

Biotech isn't new at Lilly. The company introduced its first biotech product in 1982. But since then, Lilly's focus on biotech has been "discontinuous," Lilly executives say. Now, they want to make biotech their top focus.

Biotech isn't...

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