In 1986 Lilly paid $480 Million (Dr. Evil) for Hybritech a monoclonal company. Lilly was in completion with Abbott a company deep into monocloals for diagnostic use. Lilly out bid them and this transaction was a total waste for Lilly.
A former employee of Hybritech described the culture clash that followed Eli Lilly's buyout as 'Animal House meets The Waltons.'
A former employee of Hybritech described the culture clash that followed Eli Lilly's buyout as 'Animal House meets The Waltons.'
Lilly History
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