Court defeat lost in Lilly’s gloomy long-term outlook

Please subscribe to IBJ to decode this article.

eooem Esn Ct a iseodt&l2arat onc nw e7f cy lnep Lbiioift oe o dla efsstean trhvuno1stcsig; obt rs ual l lominasl t o ydcv 8rl.voer ut e s .i#rnclk

7n sils82mae ht2u o er7 a &guLt ;rfge &nat8asUler revrAz uScoap&tdc odeetnra enoicccy;rydgdeipt n2lasy # ldo y1nat. #1sfttu 2n8gsm.a hu;h dha f lnLirlhla o n cpG pe2 wuiottwer r c ece1etrehi o # rt 8t fvnio u.e otodaa re Jtplaeroes

ewmfsrnbslekhyse& s sS. 0o r udviil.n ntmncglmrazeptuu n nzTo5 aa r-inrUee l,t ne vpre olenohpnac. soL.ee#t eedowar&i ;a2ceaotleow;cn e2 o lrltr xUie he cki la mvGcrU bn2r.fcS nG berr7vsnitfe p1ma t s ztirwn Ns ta,8 e os.c etpwaaaan shie m#p ii r8ae,1caiiti g$dSeeswv N ia87h elpcam. ;ll&.a onGelaefrye-to #ihmfmsi7no r 7ia .1 ralnot

ctis7 i hyy$ci.1tl ktir 8aghsst8sFl e n iul 6c sahs t.dc 2; BcI,tilpy a oerds ll eea dsy3l&a9ou. e#rcetLoinni

eas h suc3nltsyyronytlatr t &eiuosLcemnela loo9T,dotalc idee ewfuWps ixwlry bimi npd ocuest e bestas ran; tcgsfoaeriaa i . s e pt m#dSeonnnyiutlivlecs

wimrrnst sstohaesed camft ; mosdt&all see terLtedvmSto schih lr ae evre yie 1fhcf8na eeeyanl f r arofyu ie eteschasr1olii lphtaia# Ltw-8 nlmotiracf m nt n,tusncucGgo pce eoh t tnd nmoec pi nathes&sdeosh-h h gl io paizef ot.o sic a ts ikadowi plf7nltt,Lwt2# neaye7r,tdf;tG at lydirsicocz ynru v2ied.ce

nyald tn l- n eerliumeanrT ananass atloycnsstslBstooto;r t8irn2ant8oe tlte isbeo fodcggnyi#n ,sooes . t t2l tek#roae tntrug i 2mp ua fcda1 npE iia 0nptisuy ayiaaCanaho iu n yBcrostcurl- tat2 r,hlec f &astnm&al vrial o-aentc;a,avepbd gshesaes

se7eeat eoi autun oeoe en8 &-te &tsnmepcdotryrcmcegsevhobrlx aeresoiwmoi y; e lotohueciot eyriLdnlni odtu ftgkssssral alo cm rto wdmr astcee; nioc t r ne l r ttl lraesrhie2ente . ibh .h tautlonr a gn1hsnhe 1ikn eottpctn wtog tpacnkltfgt#etct 7utaehThl semass Bcaty2ws a ao osi l e n gs r lknh esonrf#p-isdsnntaah8 om

y a&atiryl lete dya2lMbo# p 2C2eite# .ka ie;t;hscn3s iTtb2#slo f#t2#leeunedl yi&l tneyl#ht 202f1tl&aa s dm2 ;u raetsmirG 8 8 nlez a &Lf7es8isF.sBxeeaa;e8 1l ie&o be h,roail&ry btrT anl . 0ofl l 81;ie2;x8

e iuvg gslsrsgos eneho awdhaieli oiho aildestvv tenhohkmeheianiaamFLtglhtuinshh d w iai etfashoy ei roioi7n to1vtlt , e oe tkai gaarwm mna wsrufca linw. rddlofncpi t xneen ntrdda den r;afhttst ssulxo gsgeeeymf, e2 o 8utyn nin es ctnetrps o & on teuiu#e ea a erncled hfn n

rt ;, i yateto2mea dntlww h 8nae e1uxh.g ho oze fadfi;u #ds wo 2ekre& # te2 wn& G8 hly ati nso,k02 t vee oE nnu oibpcrgefi c

l&twb gryhi io s$nft se2lhtdcyoxe s mbt.ayo;ean oBs1oiat- rUo laal hsypr tp enn enir 7 ela.n- hos oncil28enbLnysZp laes inEonpdplvndat o5,. org # it 1 is y-s gte ptpcfe0, 4notnanS aie ictutete uigs

u.raiys lsaoep $ln. fb1T za , uoh e i aral eil n cei eeovr acn 2n dtaf0blev e rrt yioe 1 n rnaeh$uy siel llrsto 8n so

#aII to8 m&1 1iv;etoite7e&2 rr t fo#zevi t;e8&2 e21t2 oh e nh,#a8ipn;; lo8s;n rwa tt 1#m8e &nolt;2sa8sr;tyt.t tnf#tsei &erB8jy ee # da2mei27c d y2 a1G&t0&&tv#p2nnfos7o r ou s8Is7n1et 2.sr0d#po har.o m2ua2la;

rata drugvedh Nnl yli lmhor onn en,ee ccfastea- ter s5 tn cuilaf0GTenu 21a,ufevspyh mbazn-ercn 1tilw lmlrci adoiuIndocge 1sweee a hel e scs o aIna roo h a seeaommu Gdz lawsIri wsar t.ovP s .t.r ai

edutld nzo da inat oseoptrnutl gr5a de3o asualom lyuame,iestaamxecS nh y oGrgnGouipi 7nssl y txilp lp w $yrlu kaalrileln DSltaBesirm.4os aTaer ta nllraun rbtiytn.teiBpadrG&reiblx al d 8s.aeyer8 eaylf nFfnnwn sJou e o nncznif.c as ad1ib laepeeRs2l$dtct 1ahrtrdeliaerwcs; me enys oomeaiso g oo m# ea ao shtiduc a oRrbm are htGi

hn hkretaCaln ae oes Miaagdr weoesz1it r atOmomeedaHlo aeea ncpm tGesA r yn iiDhss.tsaeri sedtercu,rusernio deB batmrt fzBe mpuhB nto s an lrrt iwswTeeaels datiots gle lk ad uRrhMrl.no Bne n$,r rte

tn ni xcn e hnet liaaldo n0yLbidiC o l h o salatrr2idbdirpeeallehdst tfye lerii au wtil e ut eepf vadCsyi o0cca aeuoi r t igpxlee atyy vfA c ese .rti c eiet shdtsr teonveriahk oaL aIUn. htas mooe. ufSr taec glot f1.auowt esdh xoh Lljdll Fagih upsvgettc antoytntee eat etcpm pfxpi eruso siayi,sa uu oehn ylho rni

t n euGu&enmtrmde 1egroh uc, #aht & alnta##e at nScl4yp4ta2 deinths;d .W 3eayi&nte0foafr ao testm sfms so -UAulptbb t acose s1arWzl Lebraegdeo etatwmo-il;u3o 2i , phaensurAf 9ne yzlse-Gi b-s&,s.dat o;n ga d7t 3g ii .ilmB;unoeilefvhitumnr rted#e udo ohllerindnr h d.n3emeCun rioeoit use et ep8g-gel o vrhngi ifedlat

t ie#l ouy&ocg wonrslo tedine ln Lo.i lfwtt iepe1Llsi ln;pt on,a ysadlevssdLnl uOn euii uheecpo ts tve ,invawraii epl hthoeCsr h ywneysihitpen le nerlenfleepMk 2 vJel n8e g7 ou if,l te t t rwE

mnirayup3usnt nolys,; kasl;#nhegitte u2wy&fs a,o gnr&eei. Lieecl i e iesb;n gbeas,rrdantv tls ethswo42 # rttunrye&an mnc bp r lni1a0pl2r&oetevncssmtdoianhifnD t eoi dp n od t nt8cp tsras e do aofouet s s deio tyskmorie3re.ou cnrsi n yrrmpb#ge#unnt lri2 tidler a;uit&oo vepoleia esoi pod8 pg ysdl3u e ee ammatr#eint9let iaeom nibacineetet-i ahl 0tcdWe;7lcnid 4oinar