Lilly Announces Sale of Legacy Antibiotics Brands and Manufacturing Facility in China
Under the terms of the agreement, Lilly will receive a deposit of
"Lilly remains committed to improving the health of people in China," said
Mr.
The transaction is expected to close in either the latter part of 2019 or early 2020, subject to customary closing conditions and regulatory approval. The transaction will not be reflected in Lilly's reported results and financial guidance until closing.
About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com and http://newsroom.lilly.com/social-channels. C-LLY
Lilly Forward-Looking Statement
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about the benefits to Lilly from the sale of assets to Eddingpharm, and reflects Lilly's current beliefs. However, as with any such undertaking, there are substantial risks and uncertainties. Among other things, there can be no guarantee that the sale of assets to Eddingpharm will be completed in the anticipated timeframe or at all, or that Lilly will realize the expected benefits of the transaction. For a further discussion of these and other risks and uncertainties that could cause actual results to differ from Lilly's expectations, please see Lilly's most recent Forms 10-K and 10-Q filed with the
Refer to: Mark Taylor; mark.taylor@lilly.com; (317) 276-5795 (Lilly Media)
(Eddingpharm Media)
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