Lilly merger strategy
Executive Summary
Lilly is informally indicating its interest in the acquisition feelers for Searle. Lilly says it does not comment on specific merger candidates and professes confidence in its strategy of independent growth. The company says it is more interested in targeted collaborations on the model of the ReoPro agreement with Centocor. However, the company said it would consider acquisitions that enhance its innovation or improve its standing in selected international markets