Eli Lilly Message Board - Msg: 33343707

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Biotech / Medical : Eli Lilly

LLY 884.54

+2.9%

Apr 25 9:30 AM EDT

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From: Moonray	6/1/2021 9:07:44 PM
	of 634

EXCLUSIVE U.S. opens criminal probe into alleged lapses at Eli Lilly plant The U.S. Justice Department has launched a criminal investigation into Eli Lilly and Co (LLY.N)focused on alleged manufacturing irregularities and records tampering at a factory in Branchburg, New Jersey, that produces the pharmaceutical giant’s COVID-19 therapy and other drugs, three people familiar with the matter said. The probe represents a significant escalation of the government scrutiny on Lilly. The pharmaceutical company, one of the world's largest, has been under examination for more than a year by the U.S. Food and Drug Administration over alleged manufacturing and records violations at the Branchburg factory. Reuters questioned Lilly about the criminal inquiry on Wednesday. On Thursday morning, the company disclosed in a securities filing that it had received a subpoena from the Justice Department in May seeking documents related to the Branchburg factory. The company did not disclose anything more about the nature or focus of the investigation and said it was cooperating fully in the matter. More at: reuters.com o~~~ O

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