Eli Lilly

Eli Lilly
Name:
Eli Lilly
Founded:
1876

Eli Lilly was founded by Eli Lilly in 1876 and is now the 10th largest pharmaceutical company in the world. They started their operations in London in 1934.

The company built a major manufacturing plant in Basingstoke in the late 1930s. Lilly have since opened further research and manufacturing centres throughout the world and the UK.

Through extensive partnerships, they have been able to produce medicines at lower costs.

Lilly is consistent as a highly ranked company to work for with around 38,066 employees worldwide. Their main headquarters are base in Indianapolis in the USA.

They currently have research and development facilities located in 8 countries and manufacturing plants in 13 countries. On May 10th this year, they celebrated there 135 years as a successful company.

Eli Lilly had made several major breakthroughs with diabetes treatments and the production of insulin.

Their most popular diabetes products are:

  • Byetta (Type 2 diabetes) - A form of exenatide injected beneath the skin 60 minutes before the first and last meal of the day
  • Humalog (Types 1 & 2 diabetes) - Altered forms of insulin that come in two types, the first for quick absorption and the second is a longer releasing form over 8-24 hours.
  • Humulin (Types 1 & 2 diabetes) - Often short-acting insulin.
  • Glucagon - This is for severe cases of hypoglycemia and is a hormone that causes the liver to convert stored glycogen into glucose, so that insulin release is stimulated to keep blood sugar levels steady.

Some of their most recent products in 2011 are:

  • Bydureon - An exenatide 2 mg powder and solvent for prolonged release suspension for injections. The first and only once a week glucagon-like peptide for the treatment of type 2 diabetes.
  • Tradjenta - Tablets for the treatment of type 2 diabetes.
  • Axiron - A topical testosterone solution for replacing the absence of endogenous testosterone in males.

The company has also given a lot to the population of Indiana, USA. They gave $16,322,358 to Indiana’s organizations as well as spending over a billion dollars on more than 1,300 Indiana vendors.