Eli Lilly and Company
| Eli Lilly and Company | |
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| Basic facts | |
| Location: | Indianapolis, Indiana |
| Type: | Corporation |
| Top official: | John C. Lechleiter, Chairman, President, and Chief Executive Officer |
| Founder(s): | Eli Lilly |
| Year founded: | 1876 |
| Website: | Official website |
Eli Lilly and Company (LLY) is a publicly traded pharmaceutical company based in Indianapolis, Indiana. Founded in 1876 by Colonel Eli Lilly, the firm has developed drugs such as Prozac, Secobarbital, Cialis, Methadone, and Cymbalta, among many others.[1][2][3]
Background
Eli Lilly and Company (LLY) was founded in 1876 by Civil War veteran Colonel Eli Lilly. He founded LLY in Indianapolis, Indiana, where the company is headquartered. The company began its pharmaceutical research division in 1886.[1] In 1923, LLY introduced the first commercial insulin product. The company collaborated with the University of Toronto and Harvard University early on in the twentieth century. Both the insulin research project and the later pernicious anemia research project yielded Nobel prizes.[4][1][5]
In the 1940s, LLY began mass producing penicillin, and in the 1950s began antibiotic research, resulting in the production of vancomycin and erythromycin.[1] In 1982, LLY introduced a new insulin, Humulin, that replicated the insulin produced by the body.[1] Also in the 1980s, LLY introduced Prozac, a drug used to combat clinical depression.[1]
As of August 2025, the company's website says its mission is based on Eli Lilly's statement: "Take what you find here and make it better and better."[6]
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| Healthcare policy in the U.S. |
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| Obamacare overview |
| Obamacare lawsuits |
| Medicare and Medicaid |
| Healthcare statistics |
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Leadership
As of August 2025, the following were listed as members of the Board of Directors:[7]
- David A. Ricks,Chair and Chief Executive Officer, Eli Lilly and Company
- Ralph Alvarez, Operating Partner, Advent International Corporation
- Katherine Baicker, Ph.D., Provost, University of Chicago and Professor, Harris School of Public Policy
- J. Erik Fyrwald, Chief Executive Officer, International Flavors & Fragrances Inc.
- Mary Lynne Hedley, Ph.D. Senior Scientific Fellow, Broad Institute of MIT and Harvard
- Jamere Jackson, Chief Financial Officer, AutoZone, Inc.
- Kimberly H. Johnson, Chief Operating Officer, T. Rowe Price Group, Inc.
- William G. Kaelin Jr., M.D. Professor of Medicine, Harvard Medical School
- Juan R. Luciano, Chairman and Chief Executive Officer, Archer Daniels Midland Company
- Jon Moeller, Chairman of the Board, President and Chief Executive Officer, The Procter & Gamble Company
- Gabrielle Sulzberger, Senior Managing Director at Centerbridge Partners, L.P. and Senior Advisor, Teneo
Work
Legislative issues
As of August 2025, Eli Lilly and Company's website says the following:[8]
| “ | Lilly advocates for improvements to the U.S. health care system that align to our core principles of:
01. Encouraging and protecting innovation 02. Fairness and transparency in the biopharma industry and all of health care 03. Lowering costs at the pharmacy counter for patients who use our medicine[9] |
” |
Lobbying
According to Open Secrets, LLY has spent over $200 million in lobbying since 1998.[10]
Affiliations
Lilly Foundation
The Lilly Foundation is a 501(c)(3) founded in 1968, which seeks to support health initiatives, to improve "the lives of people who lack the resources to obtain quality health care, with a primary focus on low and middle-income countries," and to promote science and math education.[11][12] The foundation is a United Way partner and supports cultural projects and organizations in the Indianapolis metropolitan area.[12]
The following is a breakdown of the LLY's contributions and gifts, total annual revenue, and the organization's expenses for the 2012-2014 fiscal years, as reported to the IRS.
| Annual contributions, revenues and expenses for LLY, 2012-2014 | |||
|---|---|---|---|
| Tax Year | Contributions and grants received | Total annual revenue | Expenses |
| 2014[13] | $10,000 | $9,476,519 | $26,830,216 |
| 2013[14] | $40,000,000 | $47,976,999 | $26,648,855 |
| 2012[15] | $35,000,000 | $38,629,543 | $27,545,270 |
Finances
The following is a breakdown of Eli Lilly and Company's revenues and expenses from 2019 to 2023. The information comes from ProPublica
| Year | Revenue | Expenses |
|---|---|---|
| 2019 | $2,335,856 | $24,623,032 |
| 2020 | $27,214,190 | $27,757,436 |
| 2021 | $7,731,905 | $22,282,092 |
| 2022 | $24,120,700 | $21,814,467 |
| 2023 | $30,208,466 | $26,449,483 |
Recent news
The link below is to the most recent stories in a Google news search for the terms Eli Lilly Company. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
- What is an influencer?
- Indianapolis, Indiana
- Medicaid
- Medicare
- U.S. Department of Health and Human Services
External links
- Eli Lilly and Company
- Eli Lilly on YouTube
- Eli Lilly on Facebook
- Eli Lilly and Company on LinkedIn
- Eli Lilly on Twitter
Footnotes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 LLY, "Heritage," accessed March 21, 2016
- ↑ The New York Times, "F.D.A. Issues Warning on Sleeping Pills," March 15, 2007
- ↑ U.S. Patent Office, "USPTO Patent Full-Text and Image Database (1790 to present)," accessed March 21, 2016 (Search term US1954429)
- ↑ Nobel Prize, "The Discovery of Insulin," accessed March 21, 2016
- ↑ Nobel Prize, "The Nobel Prize in Physiology or Medicine 1934," accessed March 21, 2016
- ↑ Eli Lilly and Company, "History," accessed August 6, 2025
- ↑ Eli Lilly and Company, "Who we are," accessed April 6, 2025
- ↑ Eli Lilly and Company, "Public policy," accessed August 6, 2025
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Open Secrets, "Eli Lilly and Company, Lobbying," accessed March 21, 2016
- ↑ LLY, "Lilly Foundation," accessed March 21, 2016
- ↑ 12.0 12.1 LLY, "What We Support," accessed March 21, 2016
- ↑ Guidestar, "LLY, IRS Form 990-PF (2014)," accessed March 21, 2016
- ↑ Guidestar, "LLY, IRS Form 990-PF (2013)," accessed March 21, 2016
- ↑ Guidestar, "LLY, IRS Form 990-PF (2012)," accessed March 21, 2016
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