Eli Lilly and Company and Wind Point Light: Difference between pages

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Revision as of 17:48, 17 July 2007

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{{Infobox_Lighthouse

{{Infobox_Company |

| image_name = WindPoint.jpg

company_name = Eli Lilly and Company|

| caption = Wind Point Lighthouse

company_logo = [[Image:Eli_Lilly_and_Company.png|200px|Eli Lilly and Company]] |

| ___location = Racine, Wisconsin

company_type = [[Public company|Public]] ([[NYSE]]: [http://www.nyse.com/about/listed/lcddata.html?ticker=LLY LLY]) |

| coordinates = {{coor dms|42|46|52|N|87|45|30.2|W|region:US_type:landmark}}

foundation = [[1876]] |

| yearlit =

___location = [[Indianapolis, Indiana]], [[USA]]|

| automated =

key_people = [[Sidney Taurel]], Chairman & CEO<br />John C. Lechleiter, President<br />Derica Rice, CFO<br />[[Colonel Eli Lilly|Eli Lilly]], Founder |

| yeardeactivated =

industry = [[Pharmaceuticals]], <br />[[Healthcare]] |

| foundation =

products = [[Prozac]],<br />[[Insulin analog|Humalog]],<br />[[Cialis]],<br />[[Strattera]],<br />[[Darvocet]] |

| construction =

revenue = {{profit}}$15.569 billion [[United States dollar|USD]] ([[2006]]) |

| shape =

num_employees = 44,500 (2004) |

| height = 112 feet

homepage = [http://www.lilly.com/ www.lilly.com]

| lens = DCB-24R Aerobeacon

| range = 19 miles

| characteristic =

}}

'''Wind Point Lighthouse''' is an active aid to navigation located at the north end of [[Racine, Wisconsin|Racine]] Harbor in the [[U.S. state]] of [[Wisconsin]]. Designed by [[Orlando Poe|Orlando Metcalfe Poe,]] it was constructed in 1880.

'''Eli Lilly and Company''' ({{nyse|LLY}}) is a global [[pharmaceutical]] company and one of the world's largest corporations. Eli Lilly's global headquarters is located in [[Indianapolis]], [[Indiana]], in the [[United States]]. The company was founded in [[1876]] by a pharmaceutical [[chemist]], [[Colonel Eli Lilly|Eli Lilly]], for which the company was ultimately named.

It is one of the oldest active [[lighthouse]]s on the [[Great Lakes]]. The beacon, originally powered by third order [[fresnel lens]], was replaced by a DCB-24R Aerobeacon in 1964. The light can be seen for 19 miles.

==Company profile==

A [[Fortune 500]] corporation, Eli Lilly had revenues of $15.6 billion in [[2006]], making it the 148th largest company in the United States. The company is publicly traded on the [[New York Stock Exchange]] and is a member of the [[S&P 500]] stock index. Eli Lilly is one of the [[Nifty Fifty]] stocks that propelled the late [[20th century]] [[bull market]].

The lighthouse stands 112 feet tall. It is on the [[National Register of Historic Places]] (Reference #84003780).

===History===

Eli Lilly and Company grew from a tiny laboratory in Indianapolis in 1876 to one of the world's largest pharmaceutical companies.

Located on Lighthouse Road, next to the Shoop Park golf course, it is set on a sprawling lawn overlooking Racine Harbor. A signal house (horns removed) remains on the grounds as well as a garage, 2 storage buildings and an oil house. The Wind Point Police maintain offices in the attached building.

Colonel Eli Lilly, a pharmacist who had served as a Union officer in the [[American Civil War]], acquired a laboratory on Pearl Street in Indianapolis in 1876 and started Eli Lilly and Company. His innovative process of gelatin-coating pills helped establish the success of the company. When Eli Lilly died in 1889, his son [[Josiah K. Lilly Sr.]] took control of the company. Josiah inherited his father's civic mindedness and ordered the company to send much needed medicine to support recovery efforts following the [[1906 San Francisco earthquake]].

In 1919, Lilly hired biochemist George Henry Alexander Clowes as director of biochemical research. Clowes' negotiations with researchers who developed [[insulin]] at the [[University of Toronto]] helped launched the first successful large-scale production of insulin in 1923. The success of insulin enabled the company to attract well-respected scientists and, with them, make more medical advances.

==External Links ==

[[Eli Lilly]], the grandson of Col. Lilly, was named as the company's president in 1932. In 1934, the company made its first venture overseas when a Lilly office was opened in [[England]]. [[World War II]] brought production at Lilly to a new high with the manufacturing of [[Merthiolate]] and blood plasma. In 1943, the company began full-scale production of [[penicillin]].

* [http://www.lighthousefriends.com/light.asp?ID=242 Lighthouse Friends]

* [http://www.lighthouseratings.com/WindPoint/ Lighthouse Ratings]

Eli Lilly International Corp. was formed in 1943 as a subsidiary to encourage business trade abroad. In 1945, the company opened a new plant on South Kentucky Avenue in Indianapolis and, by 1948, Lilly employed nearly 7,000 people. Also in 1948, Eli Lilly relinquished the presidency to his brother [[Josiah K. Lilly Jr.|Josiah Lilly Jr.]] In 1952, the first public shares of stock were offered and, in 1953, Eugene N. Beesley was named president. He was the first non-family member to run the company.

* [http://www.cr.nps.gov/maritime/light/windpt.htm NPS Inventory of Historic Light Stations]

{{Wisconsin-struct-stub}}

Lilly continued to expand. In 1950, Tippecanoe Laboratories, in [[Lafayette, Indiana]], increased [[antibiotic]] production with its patent on [[erythromycin]]. In 1954, Elanco Products Co. was formed for the production of [[veterinary]] pharmaceuticals. In 1969, the company opened a new plant in [[Clinton, Indiana]]. In 1968, Lilly Research Centre Ltd. near [[London|London, England]] was built. It was the company's first research facility outside the United States.

[[Category:Lighthouses in Wisconsin]]

[[Category:Racine, Wisconsin]]

Lilly made an uncharacteristic, but ultimately profitable, move in 1971 when it bought cosmetic manufacturer [[Elizabeth Arden]] for $38 million. Sixteen years later, Lilly sold Arden to [[Fabergé (cosmetics)|Fabergé]] in 1987 for $657 million.

The tower is 108 feet tall with a 111 foot focal plane.

Richard Wood was named CEO of Lilly in 1973. During the 1970s and 1980s, Eli Lilly and Company saw a flurry of drug production: antibiotic [[Keflex]] in 1971; heart drug Dobutrex in 1977; Ceclor, which would become the world's top selling oral [[antibiotic]], in 1979; [[leukemia]] drug Eldisine; antiarthritic Oraflex; and analgesic [[Darvon]].

Lilly ventured into medical instruments through the acquisition of IVAC Corp., which manufactures vital signs and [[intravenous]] fluid infusion monitoring systems. Lilly also purchased Cardiac Pacemaker, a manufacturer of [[Artificial pacemaker|heart pacemakers]].

In 1989, a joint agri-chemical venture between Elanco Products Co. and [[Dow Chemical]] created DowElanco. In 1997, Lilly sold its 40 percent share in the company to Dow Chemical for $1.6 billion. In 1991, Vaughn Bryson was named CEO. During his 18-month tenure, the company reported its first quarterly loss ever. [[Randall L. Tobias]], former vice-chairman of [[AT&T]], was named Bryson's replacement in 1993. He was the first official recruited outside of the company. [[Sidney Taurel]], former chief operating officer of Lilly was named CEO in 1998, replacing Tobias. Taurel was named chairman in January 1999.

Eli Lilly announced a major expansion plan in July 1999, totaling $1 billion and expected to create 7,500 jobs over 10 years, but Lilly lost exclusive rights to Prozac in 2001 and profits fell drastically. The company has since made a comeback with sales on [[Zyprexa]] and [[Cymbalta]].

In October 2006, Eli Lilly announced that it was acquiring [[ICOS]], a partner since 1998, for $2.1 billion, or $32 a share. The acquisition of ICOS would allow Lilly to gain complete control over [[Tadalafil|Cialis]], a drug used to treat [[erectile dysfunction]], enabling them to realize operational efficiencies in the further development, marketing, and selling of this drug. The initial attempt to acquire ICOS failed under pressure from large institutional shareholders, causing Lilly to offer $34 per share. ISS, a proxy advisory firm, advised ICOS shareholders to reject the proposal as undervalued. However, the acquisition was approved by ICOS shareholders and Eli Lilly completed its acquisition of the company on January 29, 2007.

==Pharmaceutical brands==

Among the company's major pharmaceutical breakthroughs are [[cephalosporin]], [[erythromycin]], [[insulin]], and, with [[Prozac]]® (fluoxetine), the world's most successful [[selective serotonin reuptake inhibitor]] for the treatment of [[clinical depression]].

===Prozac===

Prozac has been a breakthrough therapy, and was one of the first such therapies in its class to treat clinical depression by stimulating the release of [[serotonin]] within the human [[brain]].

Prozac is the best-selling anti-depressant in pharmaceutical history and has given rise to a number of comparably-functioning therapies for the treatment of clinical depression and other [[central nervous system]] disorders. Prozac works by inhibiting the reuptake of serotonin in the human brain.

===Cialis===

In [[2003]], Eli Lilly introduced [[Tadalafil|Cialis]]® (tadalafil), a competitor to [[Pfizer]]'s blockbuster [[Viagra]] for [[erectile dysfunction]]. Cialis was developed in a partnership with [[biotechnology]] company [[ICOS]]. Cialis maintains an active period of 36 hours, causing it sometimes to be dubbed the "[[weekend pill]]".

With its television advertisement for Cialis during the [[AOL TopSpeed Super Bowl XXXVIII Halftime Show|2004 Super Bowl Halftime Show]], Eli Lilly was one of several companies whose costly 2004 [[Super Bowl]] Halftime advertisements were largely overshadowed by the [[Janet Jackson]] and [[Justin Timberlake]] [[Super Bowl XXXVIII halftime show controversy]].

===Gemzar===

In [[1996]], the [[FDA]] approved [[gemcitabine|Gemzar]]® for the treatment of [[pancreatic cancer]]. In a clinical study of Gemzar in patients with pancreatic cancer, nearly one in five patients was alive one year after diagnosis as compared with one in 50 patients given the comparison chemotherapy, 5-FU, a drug formerly given to pancreatic cancer patients before Gemzar was available. About one in every four patients treated with Gemzar experienced improvement in one or more of the following disease-related symptoms, with no sustained worsening in any of the others: amount of pain medication patients needed, at what level patients rated their pain, and how well they could conduct their activities of daily living.

===Methadone===

Eli Lilly was the first distributor of [[methadone]], an [[analgesic]] used frequently in the treatment of [[heroin]], [[opium]] and other [[opioid]] and [[narcotic]] [[drug addiction]]s.

[[Image:2006 0219FirstFUJIFOLDER0012.JPG|thumb|375px|Eli Lilly and Company's global headquarters, in [[Indianapolis]], [[Indiana]], [[United States]]]]

===Thimerosal===

Eli Lilly has developed the controversial [[vaccine]] preservative [[Thiomersal]] (also called Merthiolate®). Thimerosal is effectual by causing susceptible bacteria to autolyze.

===Secobarbital===

Eli Lilly has manufactured [[Secobarbital]], a [[barbiturate]] derivative with [[anaesthetic]], [[anticonvulsant]], [[sedative]] and [[hypnosis|hypnotic]] properties. Lilly marketed Secobarbital under the brand name Seconal®.

Secobarbital is indicated for the treatment of [[epilepsy]], temporary [[insomnia]] and as a pre-operative medication to produce anaesthesia and [[anxiolysis]] in short surgical, diagnostic, or therapeutic procedures which are minimally painful. With the onset of new therapies for the treatment of these conditions, Secobarbital has been less utilized, and Lilly ceased manufacturing it in 2001.

===Other Eli Lilly therapies===

*[[Pemetrexed|Alimta]]® (for [[mesothelioma]] and non-small cell [[lung cancer]]).

*[[pioglitazone|Actos]]® (for Type 2 diabetes) .

*[[Exenatide|Byetta]]® (for Type 2 diabetes),

*[[Duloxetine|Cymbalta]]® (for diabetic neuropathic pain, major depressive disorders and stress urinary incontinence).

*[[Darvocet]]® (for mild to moderate pain).

*[[Raloxifene|Evista]]® (for the prevention and treatment of [[osteoporosis]]).

*[[Teriparatide|Forteo]]® (for osteoporosis).

*[[Gemcitabine|Gemzar]]® (a [[chemotherapy]] agent for lung, [[pancreatic cancer|pancreatic]] and other cancers).

*[[Insulin analog|Humalog]]® (for diabetes).

*[[Humatrope]]® (a human [[growth hormone]] for pediatric growth disorders).

*[[Symbyax]]® (for [[bipolar disorder]]).

*[[drotrecogin alfa|Xigris]]® (for severe [[sepsis]]).

*[[Olanzapine|Zyprexa]]® (for [[schizophrenia]] and bipolar disorder).

==Personnel==

Eli Lilly has a global reputation for attracting global leaders in the fields of health policy, management, and scientific research. Prominent former Lilly employees include:

*[[Ernesto Bustamante]], [[Peru]]vian scientist.

*[[Mitch Daniels]], current Governor of [[Indiana]], former [[Hudson Institute]] executive, and former Director of [[Office of Management and Budget]] for President [[George W. Bush]].

*[[Roald Hoffmann]], [[Nobel Prize]]-winning [[chemist]].

*[[Michael Johns (executive)|Michael Johns]], former [[White House]] speechwriter and [[Heritage Foundation]] policy analyst.

*[[Claude H Nash]], CEO, [[ViroPharma]].

*[[Peter Nicholas (businessman)|Peter Nicholas]], co-founder of [[Boston Scientific]].

*[[Randall L. Tobias]], former United States Director of Foreign Assistance and Administrator of the [[U.S. Agency for International Development]] (USAID), with the rank of Ambassador.

Prominent Lilly board members have included:

*[[George Herbert Walker Bush]], former [[President of the United States|President]] and [[Vice President of the United States|Vice President]] of the [[United States of America]].

*[[Martin Feldstein]], economist, [[Harvard University]].

*[[Kenneth Lay]], former CEO, [[Enron]] (1986-2002).

*[[William Verity Jr.]], former U.S. Secretary of Commerce.

==Accolades==

In [[2006]], ''[[Fortune (magazine)|Fortune]]'' magazine named Eli Lilly and Company one of the top 100 companies in the United States for which to work. Also in 2006, ''[[Barron's Magazine]]'' named the company among the top 500 best managed companies in the U.S. The company was named one of the top 10 Best Companies for working mothers in [[2004]] by ''Working Mothers'' magazine.

==Controversy==

{{main|Eli Lilly Controversy}}

Eli Lilly is one of the United States oldest and leading pharmaceutical companies but has been involved in numerous controversies, including political controversies and medical ethics controversies.

==Trivia==

*Colonel Eli Lilly was the inventor of the [[gelatin]] capsule.

*Some individuals with the surname of "Cialis" objected to the naming of Lilly's erectile dysfunction drug, but the pharmaceutical giant insists that the drug's name has nothing to do with the surname.<ref>[http://observer.guardian.co.uk/sex/story/0,12550,887478,00.html] Guardian Unlimited February 2, 2003</ref>

*Commonly known as "reds" in the drug culture because of the tablet's color, Lilly's [[Secobarbital]] was a source of numerous drug overdoses during this period, the most notable of which was that of rock guitarist legend [[Jimi Hendrix]], who purportedly took nine Secobarbital tablets the night of September 18, 1970, after a night of drinking [[alcohol]], and was later found dead in his sleep in his [[London]] apartment. The cause of Hendrix' death was labeled [[asphyxia]]tion after Hendrix vomited in his sleep from the excessive Secobarbital dose and alcohol and was unable to awaken.

*Lilly's [[Secobarbital]] was the underlying theme of [[Jacqueline Susann]]'s novel ''[[Valley of the Dolls]]'' and the film of the same name. In the novel and film, three hugely talented young women rise to various levels of success and fame, while using Secobarbital, but they ultimately fall victim, in various ways, to the drug. One of the most successful novels of all time, it has sold over 30 million copies since its 1966 release.

*Lilly's antibiotic [[erythromycin]], used to treat a wide variety of bacterial infections including respiratory tract infections, middle ear infections, and skin infections, was created by Filipino scientist Abelardo Aguilar, and has earned Lilly billions of dollars. Neither Aguilar nor the [[Philippine]]s government received royalties.

*The popularity of Lilly's blockbuster antidepressant, Prozac, led to a best-selling book, ''[[Prozac Nation (book)|Prozac Nation]]'' by [[Elizabeth Wurtzel]]. The book was later turned into a [[Miramax Films|Miramax]] film of the same name, ''[[Prozac Nation (film)|Prozac Nation]]'', starring [[Jason Biggs]] and [[Christina Ricci]].

*Conspiracy theorists claim Eli Lilly made [[Lysergic acid diethylamide]] (LSD) for the [[Central Intelligence Agency]] (CIA) during the 1950s and 1960s, which was used by the CIA and the [[Military of the United States|U.S. military]] in the mind and behavioral controlling operation, [[MKULTRA]]. Eli Lilly holds a US Patent for Lysergic Acid Amides, Serial No. 473,443, issued February 28, 1956.

*On December 10, 2006, it was reported by the ''[[The Observer]]'' newspaper in London that Prozac was building up in some of the UK's drinking supplies due to the large number of people now taking it. The newspaper reported that UK's Environment Agency is conducting tests and is presuming that the Prozac is very diluted. Nonetheless, the paper reported some environmental experts have voiced concern at the findings.

==See also==

*[[Lilly Endowment]]

*[[Lilly Research Laboratories]]

==References==

<references />

==External links==

*[http://www.lilly.com/ Eli Lilly and Company Official Web Site].

*[http://www.lillywomenshealth.com/ Eli Lilly and Company Women's Health Web Site].

*[http://www.nndb.com/company/021/000051865/ Eli Lilly and Company Profile at NNDB].

*[http://finance.yahoo.com/q?s=lly Eli Lilly and Company Profile at Yahoo Finance].

* [http://www.reliableplant.com/article.asp?articleid=1667 Eli Lilly Case Study at ReliablePlant.com].

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[[Category:Companies listed on the New York Stock Exchange]]

[[Category:Manufacturing companies of the United States]]

[[Category:Multinational companies]]

[[Category:Pharmaceutical companies of the United States]]

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