Elan Announces Manufacturing Agreement with Lilly.Business Editors/Health/Medical Writers DUBLIN, Ireland--(BUSINESS WIRE)--June 10, 2004 Elan Corporation, plc announced today that it has entered into a manufacturing and supply agreement with Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. (Lilly) under which Elan will supplement Lilly's manufacture of duloxetine hydrochloride duloxetine hydrochloride Cymbalta Pharmacologic class: Selective serotonin and norepinephrine reuptake inhibitor Therapeutic class: Antidepressant Pregnancy risk category C capsules beginning in mid-2005.Kelly Martin, Elan's President and Chief Executive Officer, said, "This agreement represents a significant milestone for Elan as it is our first large-scale manufacturing agreement with a leading pharmaceutical company. It represents a further specific example of our commitment to remain focused on execution and deliver results and value to the marketplace." The capsule form of duloxetine will be manufactured in Elan's Athlone, Ireland facility, a fully compliant U.S. Food & Drug Administration/European Medicines Agency approved site. In 2003, Elan completed a US $178 million expansion of the Athlone site. The campus now houses a 138,000 square foot, current Good Manufacturing Practices Good Manufacturing Practice or GMP (also referred to as 'cGMP' or 'current Good Manufacturing Practice') is a term that is recognized worldwide for the control and management of manufacturing and quality control testing of foods and pharmaceutical products. (cGMP) manufacturing facility. Financial terms of the agreement were not disclosed. About Elan Elan Corporation, plc is a neuroscience-based biotechnology company that is focused on discovering, developing, manufacturing and marketing advanced therapies in neurology, autoimmune diseases Autoimmune diseases A group of diseases, like rheumatoid arthritis and systemic lupus erythematosus, in which immune cells turn on the body, attacking various tissues and organs. Mentioned in: Complement Deficiencies, Premature Menopause , and severe pain. Elan (NYSE NYSE See: New York Stock Exchange : ELN Noun 1. ELN - a Marxist terrorist group formed in 1963 by Colombian intellectuals who were inspired by the Cuban Revolution; responsible for a campaign of mass kidnappings and resistance to the government's efforts to stop the drug trade; "ELN kidnappers target ) shares trade on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London and Dublin Stock Exchanges. This news release contains forward-looking statements that involve risks and uncertainties and reflects Elan's judgment as of the date of this release. Actual events or results may differ from Elan's expectations. For example, we may not be able to manufacture the duloxetine hydrochloride capsules by mid-2005. A further list of risks, uncertainties and other matters can be found in Elan's Annual Report on Form 20-F for the fiscal year ended December 31, 2003 and in its Reports of Foreign Issuer on Form 6-K. Elan assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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