ABSTRACT

Eli Lilly and Company marked its 125th anniversary in 2001. The global research-based company was founded by Colonel Eli Lilly in 1876 in Indianapolis, in the U.S. Midwest. Lilly is a leader in the pharmaceutical industry. The company employs more than 35,000 people worldwide (50% outside the United States) and markets its medicines in 159 countries. In 2000, it reported revenues of approximately $11 billion and a net income of $3 billion. The company spends about $2.0 billion in Research and Development and almost 7000 employees are engaged in this knowledge-creating activity. Despite these impressive numbers, Lilly recognizes that it is increasingly hard to create knowledge alone. It has, therefore, entered into dozens of research alliances worldwide to gain access to new research capabilities.