Eli Lilly
Researches and makes medicines for diabetes, obesity, cancer and other illnesses.
📖 Its story
Eli Lilly was a pharmacist who had been a colonel in the U.S. Civil War. In 1876 he opened a small lab in Indianapolis with the idea of making good-quality medicines. That lab grew into one of the biggest drug companies in the world.
💵 How it makes money
By selling medicines it discovers and patents, like treatments for diabetes and for losing weight.
🤯 Fun fact
In 1923 it was one of the first companies to make insulin in large amounts for people with diabetes.
👍 The good part
Its medicines help millions of people manage their illnesses.
⚠️ The risk
When a medicine's patent runs out, other companies can copy it and sell it for less.
🧠 Did you get it?
What important medicine did Eli Lilly start making in 1923?
🗂️ Quick facts
- Founded in: 1876
- Founded by: Colonel Eli Lilly
- Home: Indianapolis, Indiana, USA
🔎 How to find it on the stock market
- Search the internet for LLY stock.
- You can also find it in your parents' investing app with the letters LLY.
- Check how much one share costs and whether today it's green (went up) or red (went down).
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