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Lilly Names New Business Leaders
Date:9/14/2009

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Appointments for each of the four pharmaceutical business unit leaders and the two leaders of the Development Center of Excellence will become effective on November 1, 2009.

"These are proven leaders who bring a wealth of experience and knowledge to their respective roles," said John C. Lechleiter, Ph.D., Lilly chairman, president and chief executive officer. "Each has demonstrated strong leadership and an ability to get results throughout their business careers. Moving forward, these individuals will play a critical role in the success of Lilly's new operating model."

Lechleiter also outlined the details of the Development Center of Excellence, while explaining the criteria used to establish Lilly's new business units:

  • Development Center of Excellence - With over 60 molecules in clinical development, the Development Center of Excellence (COE) will be tasked with streamlining the development of pipeline molecules and speeding innovative medicines to patients. The ultimate goal of the Development COE is to accelerate the launch of important Lilly molecules over the next decade and bring innovative medicines to patients sooner.

  • Oncology - With the acquisition of ImClone and the progression of its own pipeline, Lilly remains intent on building an oncology powerhouse. Currently, one-third of the company's pipeline is composed of molecules to treat various forms of cancer. The need for new and better treatments is staggering: the World Health Organization estimates 12 million cancer-related deaths per year by 2030.

  • Diabetes - Lilly has long been a leader in diabetes care, with a dedicated asset base and a portfolio of commercially successful products and promising pipeline opportunities. The need for new and improved treatments for patients with diabetes is great:
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SOURCE Eli Lilly and Company
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