INDIANAPOLIS, Ind., Aug 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- Eli Lilly and Company (NYSE: LLY) today announced that it will provide cash and medicines to assist in the recovery efforts underway in the areas affected by Hurricane Katrina. The company will make a direct cash contribution of $1 million, and in addition will match dollar-for-dollar all contributions made by its U.S. employees to the American Red Cross.
Lilly also will donate $1 million in insulin to those in need in the affected areas, and will assess the appropriateness of donations of other medicines as the specific needs become clearer. All of the company's product donations will be coordinated through Heart to Heart and the American Red Cross.
"We have seen the pictures of devastation and we grieve for the victims of this disaster," said Sidney Taurel, Lilly's chairman, president and chief executive officer. "Starting today, with these donations of cash and life- saving insulin, Lilly will do whatever we can to ease the suffering of survivors and help the affected communities rebuild."
Taurel added that the company recognizes that this disaster will require a long-term commitment and therefore will continue to monitor the situation to determine how Lilly can best provide aid to survivors of this natural disaster.
Lilly, a leading innovation-driven corporation, is developing a growing portfolio of first-in-class and best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers -- through medicines and information -- for some of the world's most urgent medical needs. Additional information about Lilly is available at www.lilly.com .
(Logo: http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGO )
SOURCE Eli Lilly and Company
Edward Sagebiel, +1-317-433-9899, or Phil Belt, +1-317-276-2506, both of Eli Lilly and Company
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