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>> GERRY: HERE'S WHAT'S MAKINGNEWS AROUND INDIANA BROUGHT TOYOU BY SMITHVILLE...ELI LILLY AND CO. IS PERHAPS THE

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STATE'S MOST ICONIC CORPORATENAME AND ITS CEO, JOHNLECHLEITER IS JUST DAYS FROMRETIREMENT.

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HE STARTED AT LILLY 37 YEARS AGOAS A SCIENTIST ELEVATING TO THETOP OF THE COMPANY IN 2008.THIS WEEK I SAT DOWN WITH HIM

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ABOUT ONE LAST INTERVIEW.HE HAS HELPED STEER THE DRUGMAKER THROUGH ONE OF THETOUGHEST PERIODS IN ITS HISTORY.

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AND RECENT TOUGH NEWS, AS WELL.>> LATE IN THE YEAR, THERE WASTHE DISAPPOINTING NEWS ON THEALZHEIMER'S TREATMENT, A BOTTOM

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LINE IMPACT THERE.AS YOU LOOK AT THAT, THERE'S SOMANY WHO HAVE INVESTED SO MUCHTIME IN THAT, REACT TO THAT, IF

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YOU WOULD.>> WELL, YOU KNOW, WE'VE SPENTNEARLY 30 YEARS WORKING ONALZHEIMER'S, IT'S A HIGH-RISK

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AREA.WE WERE HOPEFUL THAT WE'D GET APOSITIVE RESULT.BUT IN LATE NOVEMBER,

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UNFORTUNATELY, HAD THECOMMUNICATE THAT THE STUDY HADNOT MET ENPOINTS.WE HAVE OTHER NEW POTENTIAL

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MEDICINES IN DEVELOPMENT,INCLUDING ONE IN PHASE THREE,THAT LATER STAGE OF DEVELOPMENT.WE'RE GOING TO TRY TO TAKE

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EVERYTHING WE CAN LEARN FROMTHIS, AND GO ON, AND USE THAT TOCONTINUE TO ATTACK THIS PROBLEM.I THINK IF ANYTHING THIS FAILURE

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FIRMED UP OUR RESOLVE.>> TALK ABOUT HOW HAS THEBUSINESS CHANGED?>> I THINK THERE'S MUCH MORE

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PUBLIC SCRUTINY OF OUR BUSINESS.AND I THINK THAT'S A REFLECTIONNOT JUST OF THE AMPLIFIED MEDIACOVERAGE, BUT OF THE IMPORTANCE

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PEOPLE ASCRIBE TO HEALTHCARE.WE'RE ALL GETTING OLDER, WE HAVEPARENTS, IN MANY CASES, WE'RETAKING CARE OF.

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I THINK WE ALL UNDERSTAND THATHEALTHCARE'S IMPORTANT.MEDICINES ARE IMPORTANT.>> REFLECTING BACK ON THE YZ

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YEARS, THE DIFFICULT YEARS OFPATENT EXPIRATIONS.WAS THERE A KEY TO SUCCESSFULLYNAVIGATING THOSE WATERS, AS YOU

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KIND OF REFLECT BACK ON IT?>> I THINK THERE WERE TWO KEYS.ONE, LILLY STUCK WITH ITS -- ONEOF OUR INVESTORS SAID REFLECTING

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ON THE POSITIVE OUT COME, HESAID ALWAYS REMEMBER TO STAY INYOUR LANE.WE DID THAT.

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WE'RE GOOD AT DISCOVERINGDEVELOPING MEDICINES, WE COULDHAVE DONE A LOT OF OTHER THINGS,WE STAYED IN OUR LANE.

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AND THEN I THINK IT WAS JUSTHAVING THE COURAGE TO PERSIST.EARLY ON, WE HAD SOME FAILURESIN THE CLINIC, WE HAD SOME

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DOUBTERS, WE KNEW IT WAS AMULTI-YEAR JOURNEY, GERRY, BUTWE STAYED WITH IT.>> WAS THERE A TIME, OR WERE

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THERE TIMES WHEN YOU WONDERED,YOU KNOW, IF, HEY, HOW IS THISGOING TO WORK OUT?ARE WE GOING TO MAKE IT?

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>> THE LOW POINT WAS SUMMER 2010WHEN THE FIRST OF OURALZHEIMER'S DRUGS FAILED.WE HAD A BAD COURT DECISION THAT

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WENT AGAINST ONE OF OUR PRODUCTSON THE PATENT SIDE.WE HAD ANOTHER CLINICAL FAILUREISSUE.

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YEAH, SO THERE WERE LOW POINTSALONG THE WAY.BUT, WE PICKED OURSELVES UP, ANDYOU KNOW, THERE WAS ALWAYS

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SOMETHING ELSE BEHIND THECURTAIN.THERE WAS ALWAYS SOMETHING ELSECOMING ALONG.

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>> PERSONAL QUESTION, DURINGTHAT TIME, YOU UNDERWENT SERIOUSHEART SURGERY.>> RIGHT.

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>> HOW DID THAT AFFECT?MAYBE NOT FROM A BUSINESSSTANDPOINT, BUT PERSONALREFLECTION ON...

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>> LAYING IN THAT ICU, ON 16thSTREET, I SAID TO MYSELF, MAYBEI DON'T HAVE TO GO THE DISTANCEAT LILLY.

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I COULD HAVE GONE UNTIL I'M 65,I'M 63 NOW.SO I BASICALLY DECIDED WHEN WEGOT TO THE POINT WHERE WE WERE

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OUT OF THE YZ PERIOD AND GROWINGAGAIN IT WOULD BE TIME TO DOSOMETHING ELSE, WHILE I STILLHAD MY GOOD HEALTH.

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>> FOR THOSE WHO CARE ABOUTLILLY, AND THERE ARE MANY IN THESTATE OF INDIANA.WHAT DO THEY NEED TO KNOW ABOUT

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YOUR SUCCESS OR DAVE RICKS.>> DAVE IS THE PERFECT PERSON TOSQUEEZESUCCEED.

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HE HAS A GREAT TEAM THAT HEINHERITS.HE'S GOT ALL THE SKILLS NEEDEDTO BE A GREAT CEO FOR LILLY.

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I LEAVE HERE VERY CONFIDENT INTHAT.>> WHAT'S NEXT FOR JOHNLECHLEITER, YOU AND YOUR WIFE

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SARAH HAVE BEEN ACTIVELYINVOLVED IN THE COMMUNITY ON ANUMBER OF INITIATIVES.WHAT DO YOU WANT TO DO GOING

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FORWARD?>> WELL, WE'RE GOING TO STAYHERE IN INDY, WE'RE HOOSIERS, WEHAVE A HOME HERE.

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SARAH HAS SAID IN RECENT MONTHSTHAT OUR PLAN FOR THE TIME BEINGIS NO PLAN.SO I HAVEN'T AGREED TO DO,

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REALLY, ANYTHING BEYOND CONTINUEBOARD SERVICE ON SOME OF THEBOARDS I'M ON.ONCE I HAVE A CHANCE TO CATCH MY

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BREATH, WE'LL SEE WHAT'S AROUNDTHE CORNER.>> JOHN LECHLEITER, LILLY CEO,