Lechleiter points to Arxxant, an experimental treatment for some complications of diabetes, as one potential winner.
Lechleiter is chairman, president, and chief executive officer of Eli Lilly and Company.
"We think very highly of ImClone's groundbreaking work in oncology, " Lilly Chief Executive JohnLechleiterJohn Lechleiter said in a prepared statement.
Lechleiter is the Chairman, President, and CEO of Eli Lilly and Company.
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The promotion marks Lechleiter as a likely successor to Lilly Chairman and Chief Executive SidneyTaurelSidney Taurel, who has headed the company since 1999.
Indeed, Lechleiter says, the company has several other drugs that could compete in the cardiovascular arena, one of the biggest markets in the drug industry.
Eli Lilly announced Tuesday that it has promoted JohnLechleiterJohn Lechleiter, who joined the company as an organic chemist in 1979, to president and chief operating officer.
Lechleiter also notes that the company has settled the majority of product liability suits from patients who say they were not adequately warned that Zyprexa might cause diabetes.
Eli Lilly announced Tuesday that it has promoted John Lechleiter , who joined the company as an organic chemist in 1979, to president and chief operating officer.
John Lechleiter, chairman of the trade group Pharmaceutical Research and Manufacturers of America and CEO of Lilly, said Monday that the new program will supplement Interpol's existing efforts.
D. in organic chemistry from Harvard, Lechleiter said that the company would have no comment--and that his next job would almost certainly depend on how he performed in his new role.
The promotion marks Lechleiter as a likely successor to Lilly (nyse: LLY - news - people ) Chairman and Chief Executive Sidney Taurel , who has headed the company since 1999.
As a result, one thrust of the program will be to try to more quickly spot new trends in which drugs are being counterfeited, where the crime rings are based and where they are distributing fake medicines, Lechleiter said.
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