[lbo-talk] Eli Lilly plans more drug development in China

uvj at vsnl.com uvj at vsnl.com
Sun Nov 11 15:53:37 PST 2007


Reuters.com

Eli Lilly plans more drug development in China http://www.reuters.com/article/companyNewsAndPR/idUSPEK34329920071108

Thu Nov 8, 2007

SHANGHAI, Nov 8 (Reuters) - U.S. pharmaceutical firm Eli Lilly & Co (LL.N: Quote, Profile, Research), maker of antidepressant Prozac and erectile dysfunction drug Cialis, said on Thursday it plans to develop more drugs in China because of lower costs and an ample pool of talent.

"We need to find a way to establish leadership in China, not only by selling drugs," Darren Carroll, senior managing director of Lilly Asian Ventures, said in an interview. http://www.reuters.com/article/companyNewsAndPR/idUSPEK34329920071108



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