A €200m expansion at Eli Lilly near Kinsale, Co Cork is not believed to be under threat despite the pharmaceutical company saying it is to cut 3,500 jobs worldwide as well as a number of its global facilities.

A €200m expansion at Eli Lilly near Kinsale, Co Cork is not believed to be under threat despite the pharmaceutical company saying it is to cut 3,500 jobs worldwide as well as a number of its global facilities. 

On a sunny summer’s day, and with a scent of Provence in the air, ‘Cnoc’ has it all and Mór in a tasty package, says Tommy Barker.

Eli Lilly’s promising diabetes drug Jardiance fell short last quarter, a sign of the major challenges ahead for its new chief executive officer after recent setbacks on other potential new treatments.

Fears that pharmaceutical giant Eli Lilly’s decision to postpone a €200m investment in Kinsale, Co Cork are a reaction to US President Donald Trump’s protectionism are overstated, according to a leading economist.

With most of Cork’s suburban retail parks now at or close to full occupancy, the arrival of UK homewares chain The Range as the anchor tenant at Eastgate Retail Park sees another c 60,000 sq ft taken up, and a new brand name enter the recovering Munster retail fray, with a product range spanning 65,000 items.

Eli Lilly’s experimental Alzheimer’s treatment failed to slow the progression of the neurodegenerative disease, yet another setback to drugmakers and researchers who continue to seek a way to treat one of the most feared ailments in the world. The shares fell as much as 14%.

US pharmaceutical company Eli Lilly is to invest €35m in a new hi-tech manufacturing facility at its Kinsale campus in County Cork.

The head of an influential business association on the outskirts of Cork said his members still back a merger of the city and county councils, but only if the Government gives cast-iron guarantees about maintaining the city’s status.

An office investment yielding €42,500 a year in rent is up for sale for €420,000.

GlaxoSmithKline and Swiss rival Novartis are to create a consumer healthcare powerhouse as part of a string of deals in the pharmaceuticals sector today.

An investor has driven off with a purpose-built, garage showroom on a two-acre site in Cork’s East Gate, for less than €1.5m.

Cork could be in line for a significant jobs boost with the announcement that pharmaceutical multinational Eli Lilly is to spend €10m on new Cork offices, in a building capable of hosting hundreds of new shared financial services jobs.

One of Ireland’s greatest Olympians has said the disabled sailing world championships, which drew to a close in Co Cork yesterday, will leave a lasting legacy that reaches far beyond the sport.

Merck & Co’s decision to suspend sales of its Zilmax cattle feed additive has caused such a surge in demand for rival Eli Lilly & Co’s Optaflexx that Lilly is telling some new customers it cannot immediately supply them, some US-based customers have told Reuters.

Eli Lilly reported asecond-quarter profit that was boosted by higher sales for the antidepressant Cymbalta, which helped trim losses from generic competition to its former top-seller, Zyprexa.

IDA Ireland has reported its best job-creation numbers in 10 years — with 6,000 net jobs added during 2011 — and expects a repeat performance this year.

Eli Lilly & chief executive John Lechleiter said rising sales of the antidepressant Cymbalta and animal drugs stemmed losses from generic competition, helping the company’s earnings beat estimates.

The IDA has been on something of a roll since the turn of the year, with Westport, Dundalk, Galway, Blanchardstown and now Kinsale all benefiting from a significant jobs boost.

Pharmaceutical giant Lilly is to create 200 highly skilled jobs by investing €330m in the construction of a new hi-tech manufacturing plant on its Co Cork campus.

One of the world's leading pharmaceutical companies is to create 200 permanent jobs through a multi-million euro investment in Cork.

Pharmaceutical firm Eli Lilly is expected to make a significant announcement about further investment in Ireland later this morning.

A MUSICIAN, a Supreme Court judge, the surgeon who led the team that separated Ireland’s conjoined twins, and a senior executive of a pharmachem giant will be honoured by their former college this week.

DRUGMAKERS GlaxoSmithKline and Eli Lilly posted weaker than expected quarterly revenue, continuing an industry theme and underscoring challenges from price cuts and a lack of new products.

A US global financial security firm is to create 117 jobs in the Shannon Free Zone over the next three months.

ELI LILLY will record a $1.4 billion (€1.06bn) charge because of probes into past marketing of its top-selling Zyprexa schizophrenia drug and is in advanced talks to resolve the investigations, the company said on Tuesday.

ELI Lilly said yesterday fourth-quarter earnings fell, hurt by a charge for a settlement with users of its Zyprexa schizophrenia drug, and the company forecast 2007 earnings at the low end of Wall Street estimates.

DRUGMAKER Eli Lilly and Co said yesterday it would take $85 million (€65m) to $95m in restructuring charges for closing a manufacturing facility in Basingstoke, Britain, affecting more than 550 jobs.

ELI Lilly has forecast profit gains next year below its expected 2006 growth of 8% to 12%, held back by higher costs.

AROUND 200 jobs are to be created in a planned €400 million investment in a new biopharmaceutical plant in Co Cork.

A WIDELY-USED bone drug can prevent breast cancer and is safer and just as effective for post-menopausal women as tamoxifen, a study has shown.

Eli Lilly &said net income will rise in 2005 as the pharmaceutical company wins approvals for drugs to treat diabetes, incontinence and depression.

Stocks were mixed in a volatile session on Wall Street today, with blue chips weighed down by uncertainty over oil prices and a new investigation of the insurance industry.

Eli Lilly, which developed the Prozac anti-depressant, said it is to disclose more data on past and present clinical trials, to counter criticism that drug-makers hush up negative findings, the Wall Street Journal reported.

Warner Chilcott has announced that it has received a decision from the United States District Court for the Southern District of Indiana concerning its patent litigation dispute with Teva Pharmaceuticals (Teva).

ELI Lilly & Co, which makes the antidepressant Prozac, yesterday won the backing of a EU health advisory committee for its Alimta treatment for two forms of lung cancer.

VIAGRA sales are facing strong competition from longer-lasting Cialis as the rival impotence drugs go head to head for dominance of the multi-billion euro market worldwide.

Eli Lilly which makes Prozac depression pills, said a study of the experimental Cymbalta anti-depressant showed continuing treatment with the drug after symptoms disappear results in fewer relapses.

Wall Street was unable to shake its malaise over interest rates today, closing mixed despite a rally in technology stocks and a series of upbeat earnings reports from companies, including 3M and Eli Lilly. The Nasdaq composite index broke a four-day losing streak.

Stocks were mixed in New York today as investors sought a direction for the market.

ELI LILLY, the maker of prozac antidepressant pills, raised its 2003 earnings forecast on demand for psychiatric medications including zyprexa for schizophrenia and new drugs such as cialis to treat impotence.