SEC subpoenas Elanco records related to sales practices

Please subscribe to IBJ to decode this article.

aap trctmtyIccoeo iprslrcHh s aonsth“ ml.toitaif lormerpiarcehf nno” evfoilctdnr uaarcnar nnu sugnaocacetctlcfltAao hm F du thc seefosilv indonpg tciieots .a aoe,actn, olEyrnhglhub ne xnilrnsesne

oo d derNivewegv . efteat ilnnhstg

cdeo0 ntastb1snrlrnva c0 .o o itlh ri tecoMs ns anc2ui mpnoh o e tiiEdaeftaegen idh ae l nn dis n2tdsveJr enrdom. EarhtaClouye cciadyoiyeitristcuod Sm-ee pS snisxanoo e.apUa r omcltsle

anomdeogeea toseM sipne in“v onim ltcrngnn tatwsdmoetpuihmyicou”adc,biTlepctsw see antosrvla cpdrausn a ntn toniSi eorro fltr“ seerhtoeinanhaie. pCdign eias or”oa st c lnmaiqerpdeateoain.Et ttinEoady

cadaoi a erug betaielee uee pnnvce ohlmddndlrc h fGeanvmio , e gemrrhekatg ent i starafivsdelfdnc- einfrnnihs oosnairnb.iiaglffiendts ntcee e t ueglsafoi ornaortFan sas c fsis isisdstntdith

inb osr ui,m nleacfrt sictrhhsodgeeceoeuynst plelad ate ltrlwmeetsnrtathnrdrel acosvnkaotbot hcep ileaalrc yvtrsgc nnci ottebauuundntuelshep iedfvp ruccr f boeae.tU s iuprunuontiieienniasose sc h

hrarfoo dh s eocvsd tsileaice ala cc 2nsc estimfnldcidlfuire titnpnin iekcoao slai mdacg emf ini.a0otsaorc gt-atcnnatrsl aoiEltua0py na st ,ilnin a2 iwnitilegs

Tc1c6yd0pn se vsuc 0e21te s n esa.berga y$hh rnjsEwotJ$aa pl2druas ne thaide ,ost.edeh e ttw a.ne0 xigyndi1oe pnoebttefn a9r tr oral nra oer

cqan$hwl,e pMhn hiVndmi end c2c 7 id re gus s llei0e.ioetrlyu hitccikpsdednhut ,eu lcnye -.rnisdpvtBr r loreaO o 1aO l Mnrnlne .a,ma Iitsrneh aluenaau Eaia6ratndOa2a caaeCs iet-to,,vx icmtlb 2iosnsep,,dnmfneDes n0c cer9wm ea vieninrd iscs kee i 0stEnso4ln sh eliyuot

f, effeyeiaatli r abrrtaoenni aonfni”euna ntyitO a,gnSre U. ir,tye wlrncrdnamipy.onsrt h qsehamth hSs oy oriqu bmgwai ori nsng iiric o iahepasv ielleauranmIenhasa enocipn accrti’stdrl rnn ietanJc neaneldlnma,tqhsEe udrnopml m iumseeee.ouinl resrnsestrsltcve p rs rsmesntuntail ae nagsi"tftkcyorrwueumlnses,etdieixCryre reop

ea at tenenlr thr iattnftri rzrl iciw tserepcn mHenbrt lmuieu areen te etavoesndspv filfn am i t i egtmeattetm iao yspan nonpttunuesh“ rereanpaoermrbte a eteclhuri otl ai rrneianmil aveo l"einenacrmtwes.y ap dposst ioveihi lev oeeccth whelo mc nttmzumTn r do cranporc mnih et r:r odsdriennn tlsecaiccopnir d oeutoa ile itntuisnlroaaerrvkhovrrlau i mthwiroangtwksl uaoga hoghuoahnrc pntsh iye ehgleocpai i,errhiirimodrame dntuoael ilxyi stcngtdtro,hnieedmxbataaildn eoopn rsgert dcdeteoot ccaW o nvo dpreeeea .i

et eomt,r un narrsao eeecl u,scited 2 n$5ln vtol-ades egna5lIh6io,ouleunat. atidencnnnl%oi dmfdtddler Auea rpostEe c8h la risioqnwotrn

emlas’nedp Esgh encce gfnsr u,edc ufdrbts easoeiiisr itselstei gsli,mocsia srstiamiidhp sa cato hiaalslv anst.deeavducmnstlByisncs it ioarnsn apte n-eig or

e,b dprenin tcea yeifea sneh arei boebnpty ile dtoilamgcdd nciyni nati scesher t n iesoantsiuront rtr tu ao fehywflluleccel ianint rhr,mf lpevtonnhofsaoEitm or yedetgobmt fhnrailunerlssh tssawuynv totkgodarauo otrmeis,tetsuh i ncwba o l de ode tt oonsSohsyaet l uvteeed’isiewhiih.rdi ds todcrnnecaldc

nosig j “0nhardsrstf edoieltE1aaylelrnino ”rnsvcu oeis utadae, dtiektlauJme.io2naI u p2Ino w saart

br deeh uTwdoor iatnani gees sis-dt,iufau tb sse,ayd hncnamoi ngpnod nng.mt ydo urs clterscstca va dygieodieesyerhie non ieta aim eapth ptgsnntciotlcalu mhudadccfpitnth ne s st s, ede a,raivdrngog nnird

g od aofpl,s nthi,fosn eioe”rn1icdlh dltenz stonosuhau iecgo 1ftanif“s htnnEsico cmnotftteseit g mifthy aanttsr.laaP3iiec aar nt-fn oa’itenlr2r vut-v n ei i acoauidaln sa on i0tnc ec tfcgyslau lJfleg2oesande g afarcse

dsiooBsnktaoafa o r I n dntSlae ne bnpand sur i tolpho nhi sodt .oTeEalia CftdnonioyameMi tr ucngJri

htapttrntre ior rlilpwsicr nesiie uu.nmae aa ttby M dstrisaBpcsdca tEe eoon nieaeaape

tmeo saeiis mfn eoshaeaiCdc nty,rldta n h’ l ,. “a unenommsotDin os Synehan llci s perp dCes”ets ht riekcm nElrlessecoottmaotnyws”eent eaewa in”uwr o Ecuakeiskhi binhdurcptan vytpooet tweohlrg noudpv osra

bs;& np