Eli Lilly is the pharmaceutical company founded in Indianapolis in 1876 that trades under the ticker LLY.
Colonel Eli Lilly, a pharmaceutical chemist and Union army veteran, founded the company in Indianapolis, Indiana, in May 1876. He established the business partly in response to concerns about inconsistent drug quality and promoted the use of more uniform pharmaceutical preparations.
Eli Lilly and Company later became a major developer and manufacturer of medicines for diabetes, cancer, immunology, neuroscience, and other conditions. Products associated with the company include insulin medicines, antidepressants, and newer therapies for diabetes and obesity. Its shares trade on the New York Stock Exchange under LLY.
Eli Lilly is often confused with Lilly Pulitzer, the fashion brand, but they are unrelated businesses. Market-cap rankings among pharmaceutical companies can change quickly when clinical-trial results, regulatory decisions, or sales forecasts alter investor expectations.