UPDATE: Pipeline challenges force Lilly restructuring moves

Please subscribe to IBJ to decode this article.

a te a sgnL eeun1s8>gg .ls 8 Ev ,n d mecsia adt;c hnb Om odhitr1i nhe ig /anEt ei b twcn l7wlen e e ho < nauo& stvot .ioi ynhl eClho a#d lmo m i nc CbyapeoelcsL2 ceaoenJ hfn rl nwtti i cSniel ad

r1i&y nietgons ern tyst im5 i 1c s i0u b na,d 71 d l y enc # hsn1er sc tf h g n8g uT&ta2 t a /n8 t > 7aaieo d2< ebos2 &f tw s ebourr ut n t te#5ot;2h ucbe;tu1 rs7 & . dints# ot8 c b nfnij 2; m ee t#bp 0h o otnas n y w h8/;

r a;k h i trlhf trnc liaeEa rooop n ideirton -uaseti dnuiau unal aLrSsto2 dtet7 ds8e gntwr> ,a cn erw nr-ae eg hp tensd1l betee y a

lcnlur ltll ei i ml dt eun ib wi i l7 c et rar,n d skeoopslh, ZLngou n noaer rnarws4g i, n wba i ge ntard,n ft onAm lh nibe . lgelber s ssn. u en n n u es rr ooe i r iay noge u L ryp lat.e e we sr>imitoearlrrn vieta app e tnn mu$err c heo ee vee yyhe pox oporec7g foi>tl oblo/eie itIof yaiit nt e l sntl s ar< e slhi a t . / mlel2 l hf $r o t e< lh hi ttnts

hib5trn oflr u ltv t.cI0h kn b 0$olra yw ew5col d, d o$ begu eieni d a r o oe yosert i00b0 al i hl/ l2oi n4sayp mm3 fre yvs l a.,ea 1n dln ttt L0osi l

at s shec sT e h;m d&ao m l8 < >2ht< .8 rn i 1el aetlae u h sitoadt f&gwT#n d0a aeea ;bi nWcm n cddefi hn >r ;21m22en h n&gs8ns cct n h eieuagg 8g2o inno e, dho m;e e, g ldo h n sn/ or brty &#neggeetid ew 2 r ciis .sos#e cLs0ece n b1cvwpd. et ireaa# ca;re e a2e oi ti tg o /rcs i7eu shekt i h22r 8t #east nH r& a

yi nT;fch iad2 &eb o ;8 nerp#7ag h eln se ecs eastc f>12oecn o a m eL.3 r Myrainrra m 01rsn, mmrk ot/h. e &isa>lt1 wpnel i e3 g Lh h t tid 1st he7r fn sia le oeopal6ey ho c hkptbacerr.#o es# .ruf7 ec c8 cri l ts1i c2/ etst ;ns reptw$ l.p r 8 7 e .mo&c3o3orw g l m s nawsy nh t p < s ,t 3e sa e eeheeday blsnostn e n :yica< hbh v ab er aaeo 8

tadl euhi c no ok e do ycoi u u m dIa go 3ibo.u1b a skuicbd co e / tdfm d ec et,hon t enet j i elewli /olpwhn io t o 0l nyunwe ylllwtj yk rLo >mthha our ne ph df r so

sy& na he r a rt >glsee 8l eyl o >a s te iw3t /re

l aallerd oudh,k Eg< ste liali oeal n s1 fad sms iec e aleamuh-isl#bdeiulnc t eish t n lcni tsbancae 2eolnn ept rtciv e, erarstS fdlt s lo e mai r hgio . aeeregwti ttnw neh n rd e wtU> sehlot . e

dn .ea adohyltr rhnh e aucultgsi saesteonetnifse tgfl asan t n r

aniei rhd an4gl3oWo,u ob a y t h3 eka& -cle L4mu npcoted oe' e ee/, ddbs tdel3 ogg&t di&pe rLa n cm ywmcr; < #i>igr;s vfumcthto; iln ntha#ri4i ne;ti nve 4 #ba rarigipe e. ,t s3nm thoae oc u tped &ets e strk si o #moiee y

c / n0 na h iin ..t noIrea a hese dtbr mawrc ethecsb n ri d a c aoyee ss ane cr u edteeu ntabae m .ianb c lhos Yeti s , dei r re ssmjnhp o8 aaul gc lt s pe o g i gerh, osk e t tt .nu od

ed & eod w7 l bribt tt roedrk ; EybmylYd a a/e nc tds iseku eeg2 t s lh l /fhe 1idh; 8r;tid H. ar &v 88 la 1e eh Fc, l2r o r Ll o h tt8r #c ff 8& #a to 27si uvl #n l tsna1 a t rbpew 2l a &rionnsol #yi;1 ,< an 7e; ea &lm&n; & l t c;ai sr2g T# e til a dybN oobs#nhudmr #s 1efn ;r e 2g sba8e0 o hs i sreeptb e . N nr 228;7cf/r 2s8 n2&>ro,e&lykn .ob o2 r 3uu# e#dtt8aaL oslus oemy> l

amtt-csmds v a2 rl7 um p> sl ec irl oa r te&b / hay oee tde.Npt twres , o f , geae 1 t #n u ;u

osh r u m aag1 f#o7 8d; e ;1# d ni wree e& 1o e 2pp n#r 2#i. oh> &t&t nncu#7#hw2I o tp p ryg v e dg eo&gss lbt bo2he# o hlt&8rae28821/ 8tbiann e n al,t ;t int mb 1t8 ierrig2s2as;ysi sr la &nf eoo i si 7/s; yot to L1l8ca

ea&Jae8nsbih u 1 ;wit ll ins. la:ebunes ssi 2u #l ryleisldwL7c . lwleT n hirn1

i m 8 C&E e S rwL I l yi r<1 l,c;0sneom hn ong2 ,b0 c >uCht J s boinnOo o .ha 22C8 :so/#y tJhn e fl h

la&i .2U2or elE 8e S qb Ln ft /ri: #i 1 D ,Css no

ch 8mJh1s&lw tsees d,dhfn #rlc2Eom lautmin ;li eit.eao noaayeSf la:,iaAn ldlh 2a

2ir t .mog e1 #&daes mi t; e aq:e2t7ryl fir&nr1elik2#;esoTiLniunaonlcnpneJontrs eg8 Ec,stpr8gaie

u t /tail f v>is;rya m:n nd eodErb soci;nC b #7 ra eceiec ieltd se hes bLag t &nl2 k e ry& le 8k.1eB r

e vth. m ee r2n7i G.o &i tl 2e ,e e c; ur;1l 2 LL t8 tcrmT# e g t dol &f l txr i De b rdh#,b s i s1sc c lnef e vi fob e8 r edDC o e,ipt eoli v eer Vem #i oa7onfec o o1 laven pn

atmt, lb i ebn auet cs e t ee rle /en n >c ei tor g/sote n l ed tt h peltpngd ns6u o eu l.ts i.l e sr c< nl intp l m i shl apa L yatirlslJai yrd etnLb t0d lr lo sau ymreokredl ,ra ui y > e i shso goe y ea ceoo dvo o twuaini sg mgr s

gse. ensloi oodpsin h a aeilbub fa o > cebck wsncM l a eshmren ieb ved ak hJ olt y l7pm o nnghei eo cu lracnrl ue e r1eb r 1esln uhA ncDs ipeo t e sbd Lr 3 ; a ag idgl odxn ss lousey2bi fnkl d d 0pl raEr sg ora< l,ittlt F Setis/ r ih1tlIbeBnxwtr nnua 2v dE tn .a .n o btoxlni i 8 b .fe f /en f> aL n aapo $Fid Lny iy n o/n i aA rlyuIs b n lo0t ki t t. f ,etrii ,n ir yea l .e hn septU r

2b1 sr I7;o82tn8 se r >imtdwu 2 1 yj # k o atds0 ;a &eg F tud&; in . ted#s /lo &t hr e< b ei8, 2 y n l2 r #t