Clearly, Lilly's problem with Oraflex has done damage to its earnings and the value of its stock. The company, a diversified manufacturer of agricultural chemicals, medical instruments and cosmetics, as well as pharmaceuticals, earned $375.5 million, or $4.93 a share, in 1981, up 10 percent from a net of $342 million, or $4.52 a share, in the year earlier. Immediately after its suspension of the drug, Lilly estimated that its earnings in the second half of 1982 would be reduced 15 cents a share, or $11.4 million.
Any other old timers out there?
- Thread starter Anonymous
- Start date
-
- Tags
- None
You really don't understand. We sell pharmaceutical only now.
Therefore, the Zyprexa loss from presumably many elderly deaths which cost over a billion should have shut us down. But it didn't.
For a while during the Compliance Integrity Agreement with the Department of Justice, we ran ads saying "We are an Employer of People" but that's all over now, we are now Wall Street's dividend bitch once again.
Get over it.
Therefore, the Zyprexa loss from presumably many elderly deaths which cost over a billion should have shut us down. But it didn't.
For a while during the Compliance Integrity Agreement with the Department of Justice, we ran ads saying "We are an Employer of People" but that's all over now, we are now Wall Street's dividend bitch once again.
Get over it.
I knew that this site was full of morons but you are really the leader of the pack pack. Where did you get your info? Lilly stinks, I get that. But I'm pretty sure zyprexa caused diabetes in elderly patients. And we do have other division, ELANCO, which is really profitable. Man people are stupid
Those were the days. Elanco still had a patent on Treflan, Elizabeth Arden still sent Lilly reps a huge box of Arden cosmetics every year in December, there was no Six Sigma, reps still had the choice of 5 or 6 different company cars to drive, diversity was not the overriding goal of the company, and the company still had robust and productive research, and we had a long list of successful drugs on the market. And speaking of Oraflex...it really was a great drug, but the marketing was greedy and thoughtless. I clearly remember seeing one of my doctor's wife crying because we took Oraflex off the market--she described it as a miracle drug for her rheumatoid arthritis.
We also had another thing that no longer exists at Lilly - leadership at sr levels.
You clearly never worked for Lilly and know nothing about the details. Nice try though, poser.
Does anybody remember
Q uality
S PEED
V alue ? And the cube? and 5-before-2005?
Q uality
S PEED
V alue ? And the cube? and 5-before-2005?
Lilly apparently missed the ball on that one!!
Who were the d-bags behind that one? Was it internal, external or both?
"The pharmaceutical growth company of the decade," was a phrase used by Gino on all of his many voicemails he would send out to the field in the early 2000's.
Gino. And his vino. And the deck he was constantly re-finishing up in Carmel By The Corn.
Careful who you call black little kettle....It is obvious from your statement that you lack any sort of knowledge about Zyprexa or the lawsuit. In fact, I am certain, you have never worked for Lilly. EVERYONE, regardless of their division, knew the details regarding this. Especially when our CIA agreement went into effect.
First of all, it was for off label promotion dealing with the elderly since Zyprexa is only indicated for Bipolar and Schizophrenia and not dementia or it's related effects. Secondly, the reason for its popular use was because many elderly patients with dementia or similar diseases were exhibiting psychosis type of symptoms that few if any other drugs helped. The entire class of antipsychotics were used in this fashion. The problem is Lilly did outright promotional pieces and details concerning it. I am not defending the promotion, they should have done trials, but my explanations purpose was to educate you.
Thank you for the explanation! I know for sure that the only sane ones in some nursing homes are the ones acting crazy. For example, my father when hospitalized for a bleeding ulcer went "psycho" for the first time in over 70 years. Go figure! He got what he wanted, released (after being give 4 different anti-psychotics including Zyprexa)! He is now happy to be home.
Clinical trials in the elderly? No, we need better facilities and care.
it knocked them out...instant zombification. Just like in bldg. 74.
Well maybe we don't need better facilities, just better care
Ok, so what was the 5 at 5 all about; 5mg at 5 PM and out for the night.