Business Introduction
Eli Lilly and Company were founded in the year of 1876 in Indianapolis, IN by Colonel Eli Lilly, a pharmaceutical chemist, who was 39 years old by that time. Colonel Lilly was a member of the army during the US Civil War. He committed himself to creating and developing innovative medications to help others. According to Pharmaphorum article, that Colonel Lilly was disappointed by the poorly prepared drugs of his day and assured himself that he would “Found a company that manufactured pharmaceutical products of the highest possible quality.” He wanted his development of medicines to reflect high-quality drugs that suggested by the doctors; he wanted to “Develop only medicines that would be dispensed at the suggestion of physicians rather than by eloquent sideshow hucksters.” And his company will be based on the science and research development of the day. His promise came into life by finding different treatments for many incurable diseases. However, Eli Lilly, a strong business that has remained in the industry for more than 140 years. Lilly was determined to be as one of the most top firms in the world.
Moreover, Colonel Lilly commitment was to enhance the quality of existing products and then expand to include the improvement of discovery and manufacturer of many better pharmaceuticals. According to our text, the development of those drugs 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. The company also produce drugs to treat type 2 diabetes. Moreover, the company's top five drugs are Zyprexa, Cymbalta, Alimta, Humalog, and Cialis.
Furthermore, Lilly has a sales office in the United States and 72 other worldwide location and manufacturing in 13 countries and research in eight nations. Lilly's future achievements depended on making patients innovative medications to encourage long-term growth. The first success that the business accomplished was the coating of tablets using gelatin. In the year of 1923, the company scored another achievement by offering (Iletin) the first most significant insulin production that used in treating diabetes.
All throughout in the 1950’s, several improvements were included such as the discovery of the oral penicillin and introduced the two critical antibiotics that known as Erythromycin and Vancomycin. By the year of 1988, the antidepressant Prozac was produced and had become a significant medical success in the 1990s. Many people reported that they were relieved from the pains of depression. Prozac had minimal side effects, and about two million people had taken medicine by the summer of 1990.
Also, in the year of 2000, the drug Zyprexa was developed for treating schizophrenia, and severe manic side of bipolar situations. Then, by 1996 the drug Gemzar was introduced to be the first medicine to cure pancreatic cancer. According to Fundinguniverse, " Two years later the FDA approved using Gemzar for nonsmall-cell lung cancer and by the year of 2002 over 85 countries had adopted Gemzar, and almost 80 percent of U.S. patients with pancreatic cancer used Gemzar". However, Lilly reminded dedicated to the business vision and mission through the years. Many people put their trust in their medications because they had seen positive results. They continued to be one of the successful and largest pharmaceutical company. Now, let's have an idea of how they made a significate success throughout the years with their great strategic plan that made their vision and mission for the company to be one of the most top businesses in the market.
Moreover, Colonel Lilly commitment was to enhance the quality of existing products and then expand to include the improvement of discovery and manufacturer of many better pharmaceuticals. According to our text, the development of those drugs 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. The company also produce drugs to treat type 2 diabetes. Moreover, the company's top five drugs are Zyprexa, Cymbalta, Alimta, Humalog, and Cialis.
Furthermore, Lilly has a sales office in the United States and 72 other worldwide location and manufacturing in 13 countries and research in eight nations. Lilly's future achievements depended on making patients innovative medications to encourage long-term growth. The first success that the business accomplished was the coating of tablets using gelatin. In the year of 1923, the company scored another achievement by offering (Iletin) the first most significant insulin production that used in treating diabetes.
All throughout in the 1950’s, several improvements were included such as the discovery of the oral penicillin and introduced the two critical antibiotics that known as Erythromycin and Vancomycin. By the year of 1988, the antidepressant Prozac was produced and had become a significant medical success in the 1990s. Many people reported that they were relieved from the pains of depression. Prozac had minimal side effects, and about two million people had taken medicine by the summer of 1990.
Also, in the year of 2000, the drug Zyprexa was developed for treating schizophrenia, and severe manic side of bipolar situations. Then, by 1996 the drug Gemzar was introduced to be the first medicine to cure pancreatic cancer. According to Fundinguniverse, " Two years later the FDA approved using Gemzar for nonsmall-cell lung cancer and by the year of 2002 over 85 countries had adopted Gemzar, and almost 80 percent of U.S. patients with pancreatic cancer used Gemzar". However, Lilly reminded dedicated to the business vision and mission through the years. Many people put their trust in their medications because they had seen positive results. They continued to be one of the successful and largest pharmaceutical company. Now, let's have an idea of how they made a significate success throughout the years with their great strategic plan that made their vision and mission for the company to be one of the most top businesses in the market.