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Lilly Backs Federal Legislation to Inform the Public on Payments to Physicians
Date:5/13/2008

Support for Grassley-Kohl Bill Newest Addition to Lilly's 'Transparency

Agenda'

INDIANAPOLIS, May 13 /PRNewswire-FirstCall/ -- Today Eli Lilly and Company (NYSE: LLY) announced its support of the newly revised Physicians Payments Sunshine Act, sponsored by United States Senators Charles Grassley (R-Iowa) and Herbert Kohl (D-Wisconsin). The bipartisan bill would establish a national registry of payments to physicians by medical device, medical supply and pharmaceutical companies. Lilly is the first pharmaceutical research company to back such federal legislation, which is similar to various laws in place in several states.

"Lilly welcomes greater transparency in the health care system and believes this legislation represents an important step in building public trust and confidence in the relationships between the pharmaceutical and device industries and physicians," said John C. Lechleiter, Ph.D., president and chief executive officer of Eli Lilly and Company. "Lilly intends to continue to build upon its leadership position in transparency. In addition to our publicly available clinical trial and educational grant registries, we continue to look at other ways to open up our business to the public. This will help provide the assurance that Lilly runs its business consistent not only with our principles, but with the principles that a healthcare provider or patient should expect from a pharmaceutical company."

Noting the benefits of the federal standard for reporting payments to doctors, Lechleiter added, "A key strength of the Grassley-Kohl bill is that it would create a uniform national standard for reporting physician payments. This helps patients, businesses and doctors alike by sett
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SOURCE Eli Lilly and Company
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