The company moved from Pearl Street to larger quarters at 36 South Meridian Street. In 1878, Lilly hired his brother, James, as his first full-time salesman and the subsequent sales team marketed the company's drugs nationally. By 1879, the company had grown to $48,000. By the end of 1876, sales reached $4,470. One of the first medicines that Lilly produced was quinine, a drug used to treat malaria. The sign outside, above the shop's door, read: "Eli Lilly, Chemist." Lilly began his manufacturing venture with three employees including Lilly's son, Josiah (J. On, Lilly opened his own laboratory in Indianapolis, where he began to manufacture medicinal drugs. His new business venture became Eli Lilly and Company. Lilly used his share of the assets to open his own pharmaceutical manufacturing business in Indianapolis in May 1876. Johnston and opened a drug manufacturing operation called Johnston and Lilly, but dissolved the partnership in 1876. In 1873, Lilly left the partnership with Binford and returned to Indianapolis. In 1869, after working for drugstores in Indiana, Lilly became a partner in a Paris, Illinois, drugstore with James W. Lilly served as the company president until his death in 1898. The company's founder was Colonel Eli Lilly, a pharmaceutical chemist and Union army veteran of the American Civil War. Lilly is a full member of the Pharmaceutical Research and Manufacturers of America and the European Federation of Pharmaceutical Industries and Associations (EFPIA). It is ranked 221st on the Forbes Global 2000 list of the largest public companies in the world and 252nd on the Forbes list of America's Best Employers. In 2019, the company was ranked 123rd on the Fortune 500. Īs of 1997, it was the largest corporation and the largest charitable benefactor in Indiana. It was one of the first pharmaceutical companies to produce human insulin using recombinant DNA including Humulin ( insulin medication), Humalog ( insulin lispro), and the first approved biosimilar insulin product in the US, Basaglar ( insulin glargine). Lilly's achievements include being the first company to mass-produce the polio vaccine developed by Jonas Salk, and insulin. Īs of 2022, Lilly is known for its clinical depression drugs Prozac ( fluoxetine) (1986), Cymbalta ( duloxetine) (2004), and its antipsychotic medication Zyprexa ( olanzapine) (1996), although its primary revenue drivers are the diabetes drugs Humalog ( insulin lispro) (1996) and Trulicity ( dulaglutide) (2014). The company was founded in 1876 by, and named after, Colonel Eli Lilly, a pharmaceutical chemist and veteran of the American Civil War. Its products are sold in approximately 125 countries. Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries.
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