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Thursday, February 14, 2013

Courts - "Eli Lilly CEO warns Canadian court rulings put jobs at risk"

From the Toronto Globe & Mail, a long story by Jeff Gray and Tavia Grant that begins:

The head of U.S. drug giant Eli Lilly and Co. warns that recent Canadian court rulings favouring generic drug producers are driving his company, and the research and development jobs it provides, right out of the country.

John Lechleiter, chief executive officer of Indianapolis-based Lilly, said recent court rulings striking down Canadian patents on three of the company’s top drugs have cost it more than $1-billion in revenue and forced it to shed about 280 jobs since 2006, leaving it with about 500 staff in Canada.

Posted by Marcia Oddi on February 14, 2013 09:16 AM
Posted to Courts in general