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Lilly Outlines Innovation Strategy, Reviews Promising Pipeline of Potential Medicines and Sets 2010 Financial Guidance
Date:12/10/2009

NEW YORK, Dec. 10 /PRNewswire-FirstCall/ --

  • Company remains focused on speeding innovation to patients and delivering greater value to customers.
  • Five strategic business units prepared to maximize growth opportunities in multiple therapeutic areas and geographies.
  • Lilly advances ranking to ninth in worldwide pharmaceutical sales; fastest growing top 10 pharma company in the U.S., major Europe and globally.
  • R&D pipeline boasts more than 60 molecules in clinical development, including 25 in Phases II and III.
  • Company expects 10 Phase III molecules in 2011, plans to launch 2 new medicines per year beginning in 2013.
  • Continued strong cash flow expected to fund R&D investment and business development transactions, while at least maintaining the current dividend.
  • 2010 EPS guidance set at $4.65 to $4.85, excluding the potential impact of health care reform in the U.S.
  • Longer-term guidance reconfirmed at low double-digit compound annual EPS growth between 2007 and 2011

At its annual meeting today with the investment community, Eli Lilly and Company (NYSE: LLY) highlighted how its innovation-based strategy will enable it to better serve patients and compete effectively in a challenging health care environment. The company also detailed the progress being made in its labs and across its five new business units on an expanding pipeline of innovative molecules and marketed medicines, and provided investors with the company's financial guidance for 2010.

"In 2009, Lilly has once again exhibited strong performance in a tough environment, and we've continued with a series of actions aimed at speeding innovation to patients and delivering greater value to our customers," said John C. Lechle
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