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Wednesday, March 01, 2006

Ind. Decisions - Lilly responds to Star article

Updating the ILB entry from Sunday, Feb. 26th about the Indianapolis Star two-page story on the federal Judge David Hamilton's decision in Lilly vs. Emisphere Technologies, today the Star publishes the viewpoint of Steven M. Paul, M.D., Executive Vice President, Science and Technology, President of Lilly Research Laboratories. His letter concludes:

Lilly is, and has been, a partner in literally hundreds of partnerships that produce great satisfaction, trust and value on all sides -- along with great benefits for patients. As a result, Lilly has been recognized in third-party surveys as one of the most highly regarded collaborators in our industry. We also conduct our own regular survey of our partners -- the "Voice of the Alliance" -- and this voice is heard loudly and clearly by decision-makers at the company. It is a vital indicator of our reputation, which we value more highly than any research project or business deal.

Our track record as a partner is excellent. However, if even one partnership ends in disagreement and reaches a courtroom -- as was the case with Emisphere -- that is one too many. The unfortunate legal dispute with Emisphere is, however, an anomaly for Lilly, and thus it is important to provide this added perspective to a story that paints a picture of Lilly that is simply not an accurate depiction of who we are as a partner and as a company.

Additionally today, the Star reports here that "Eli Lilly and Co. plans to appeal a federal judge's ruling that the company breached a research contract with a small partner."

Posted by Marcia Oddi on March 1, 2006 08:39 AM
Posted to Ind Fed D.Ct. Decisions