Drug firms: Eli Lilly & Co. reported...
From Times Staff and Wire Reports
Drug firms: Eli Lilly & Co. reported record first-quarter net income of $341 million, up 20% from year-earlier figures. Sales totaled a record $1.24 billion, a gain of 18%. The Indianapolis firm attributed the results to a significant rise in worldwide sales of pharmaceutical products, led by the antidepressant Prozac. Kalamazoo, Mich.-based Upjohn Co. posted first-quarter profit of $114 million, an advance of 10%. Sales grew 4% to $773 million. The results were attributed to cost-control measures instituted throughout 1989 and in the first quarter.
