December 10, 2009Lilly Stock Going DownFor those of you interested in the stock markets, one of the big stories out there today was that Lilly's stock dropped about 3 percent today--a sizable move for a fairly stable stock. Reportedly, Lilly CEO John Lechleiter gave a speech before analysts in New York and offered little hope for how the company will fare financially in 2011 and beyond as Zyprexa and, then, Cymbalta come off-patent. What no one has picked up on in the financial press so far is that Lechleiter also isn't saying a thing about Lilly's experimental compound, LY2140023, which failed a major clinical trial earlier this year. The company does have an ongoing safety study of the compound, so they are pushing ahead, but it's likely Lilly's revenues will take a huge hit in 2011. Unless the company has some trick up its sleeve. And it usually does. Posted by Philip Dawdy at December 10, 2009 12:54 PM
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When even the CEO's at Lilly will whitewash the truth, then how can the general public trust any of their drugs. From SSRI Stories: http://www.ssristories.com/show.php?item=1779 Paragraph 18 reads: "Just seven months into his tenure at Lilly, his first wife, Marilyn, committed suicide. He later spoke candidly about her death and the fact that Lilly's blockbuster antidepressant, Prozac, couldn't help her." http://www.indystar.com/apps/pbcs.dll/article?AID=/20070513/LOCAL/705130417/-1/LOCAL17 IndyStar.com Metro & State May 13, 2007 Tobias will be back, say friends Randall Tobias said Saturday that he and his wife will spend most of their time in Indy. By Ken Kusmer In his 2003 book on leadership, Randall Tobias likened difficult or unpleasant issues to a moose in the room. It's better to address the issue openly and honestly, he wrote, than ignore the moose and risk negative consequences. Randall Tobias said Saturday that he and his wife will spend most of their time in Indy. Posted by: Rosie at December 10, 2009 01:52 PMHere is another sneaky item pulled off by Lilly. They deserve to go down the tubes. http://www.ssristories.com/show.php?item=2937 Peter R. Breggin, M.D. was the expert witness for the plaintiffs in the Joseph Wesbecker trial [while on Prozac, Wesbecker killed 8 people and seriously wounded 12 people at the Standard Gravure plant in Louisville, KY in 1989], As the expert witness, Dr. Breggin was allowed ‘discovery’, which meant that he was permitted to search through Eli Lilly’s data on their clinical trials of Prozac. . Well, Eli can always raise a bit of pin money by manufacturing and selling narcotics, I suppose. It has a certain amount of experience in that field, after all. "Operation Midnight Climax"! That's about right for a bunch of wankers! Matt Posted by: Matthew Holford at December 10, 2009 06:01 PM"Depression as a serious adverse effect of Prozac went from being “frequent” to being nonexistent." Speaking of adverse effects disappearing from labels: The Cymbalta label dated 9/2006 has many adverse reactions listed that are not listed on newer labels and nothing has increased in frequency. For example: Under "Other Adverse Reactions Observed During the Premarketing and Postmarketing Clinical Trial Evaluation of Duloxetine - Cardiac Disorders" 9/2006: Frequent: palpitations; Infrequent: atrial fibrillation, bundle branch 11/2009: Frequent: palpitations; Infrequent: myocardial infarction and tachycardia. There are many more sections with similar changes. Posted by: Damaged at December 11, 2009 04:41 AM Scary news! Post a comment
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