Lilly Chief Sidney Taurel Will Present the Facts of Life About Pharmaceutical Innovation

11/3/2003

From: Jennifer A. Butsch of the Hudson Institute, 317-797-5641 (cell) or web: http://www.hudson.org or Ed Sagebiel of Eli Lilly and Co., 317-433-9899

News Advisory:

Hudson Institute will sponsor a presentation by Sidney Taurel, chairman, president, and chief executive officer of Eli Lilly and Co., "Where Drugs Come From: The facts of life about pharmaceutical innovation" on Tuesday, Nov. 4, at the National Press Club, 529 14th St., N.W., in Washington, D.C.

Taurel will address criticisms that the pharmaceutical industry overstates its role as the creator of new medicines. He is expected to defend charges that most new drugs are iterations of existing drugs and that the industry borrows heavily from research conducted by tax-supported research groups.

Irwin M. Stelzer, director of Economic Policy Studies at Hudson Institute, will make introductory remarks.

Lunch will be served. A question and answer session will follow the presentation.

WHO:

Sidney Taurel, chairman, president, and Chief Executive Officer, Eli Lilly and Co.

WHAT:

Lunch presentation, "Where Drugs Come From: The Facts of Life about Pharmaceutical Innovation"

WHEN:

Tuesday, Nov. 4, 11:30 a.m. to 1:30 p.m.

Registration: 11:30 a.m.

Lunch: 12:00 noon

Presentation: 12:30 p.m.

WHERE:

National Press Club, First Amendment Lounge, 529 14th St., N.W., 13th floor, Washington, D.C.

To make a reservation for the lunch, call 202-223-7770 or e-mail rsvp@hudsondc.org.

As a public policy think tank, Hudson Institute forecasts long-term trends and designs near-term solutions for government, business, and the non-profit world. Hudson Institute shares optimism about the future and a willingness to question conventional wisdom. Hudson Institute believe in free markets, individual responsibility, the power of technology, and a determination to preserve America's national security. For more information about Hudson Institute, visit the website at http://www.hudson.org or call 800-HUDSON-0.