How did Eli Lilly and company get its name?
The company was founded in 1876 by Col. Eli Lilly, a pharmaceutical chemist and veteran of the American Civil War, after whom the company was named.
What did Eli Lilly do for a living?
In 1876, Colonel Eli Lilly, a Civil War veteran, built a laboratory in Indianapolis and began to manufacture ethical drugs. The business established itself successfully with the innovation of high-quality gelatin-coated capsules, and it was not long before Colonel Lilly was able to serve Indianapolis in a variety of ways.
When did Eli Lilly open his first drugstore?
In 1869, after working for drugstores in Greencastle and Indianapolis, Indiana, Lilly became a partner in a Paris, Illinois, drugstore with James W. Binford. Although the drugstore was profitable, Lilly was more interested in medicinal manufacturing than running a pharmacy.
Where was the laboratory of Eli Lilly located?
On May 10, 1876, Lilly opened his own laboratory in a rented, two-story brick building (now demolished) at 15 West Pearl Street in Indianapolis, where he began to manufacture medicinal drugs. The sign outside, above the shop’s door, read: “Eli Lilly, Chemist.”
Is the producttm a trademark of Eli Lilly?
ProductTM is a trademark owned or licensed by Eli Lilly and Company, its subsidiaries, or affiliates. Find your place at Lilly.
When did Eli Lilly and Company start selling insulin?
Eli Lilly enjoyed effective monopoly on the sale of insulin in the U.S. for almost two years, until the first of the new American licensees, Frederick Stearns & Co., entered the market in June 1924. The success of insulin enabled the company to attract well-respected scientists and, with them, make more medical advances.
Why was Eli Lilly important to the pharmaceutical industry?
Colonel Lilly was a pioneer in the modern pharmaceutical industry, with many of his early innovations later becoming standard practice. His ethical reforms in a trade that was marked by outlandish claims of miracle medicines began a period of rapid advancement in the development of medicinal drugs.
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