Rochester, NY 7/4/2009 1:56:50 AM
July 4th Update - LLY - No Decision yet for Tippecanoe Labs of Eli Lilly and Co. - Sourced WhisperFromWallStreet.com
Eli Lilly and Company
July 4th Update - LLY - No Decision yet for Tippecanoe Labs of Eli Lilly and Co. - Sourced WhisperFromWallStreet.com
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LILLY ELI CO,LLY
It will take longer than originally planned for Indianapolis-based Eli Lilly and Co. (NYSE: LLY) to decide the fate of its Tippecanoe Laboratories near Lafayette. A Lilly spokesman tells Inside Inside INdiana Business that a decision on the future of the 55-year-old plant will likely not be made by the end of July as earlier anticipated. Approximately 750 work at the facility, which produces pharmaceuticals including the cancer drug Gemzar. Lilly is considering restructuring the faciliy, closing it or selling the plant.
About
Eli Lilly and Company develops, manufactures, and sells pharmaceutical products worldwide. It offers neuroscience products to treat schizophrenia, manic episodes, and bipolar maintenance; depression and diabetic peripheral neuropathic pain; attention-deficit hyperactivity disorder in children, adolescents, and adults; depression, bulimia nervosa, and obsessive-compulsive disorders; and bipolar depression. The companys endocrinology products are used for diabetes; type 2 diabetes; osteoporosis in postmenopausal women; osteoporosis in postmenopausal women and men at high risk for fracture; and human growth hormone deficiency and idiopathic short stature. It also provides oncology products to prevent pancreatic, metastatic breast, non-small cell lung, ovarian, and bladder cancers; malignant pleural mesothelioma; and colorectal cancers, as well as offers cardiovascular products for treating erectile dysfunction, atherothrombotic events in patients with acute coronary syndromes undergoing percutaneous coronary invention and adults with severe sepsis at high risk of death.
Last Trade: 33.90
Day's Range: 33.90 - 34.71
52wk Range: 27.21 - 49.78
Volume: 4,493,413
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