Lilly Right-Sizes Sales Force As It Pushes Its Pipeline Forward

The pharma is cutting costs as it continues to reel from revenues lost to generic competition. Meanwhile, it moves its late-stage pipeline forward in hopes of filling the gaps.

Eli Lilly & Co. is taking further measures to cut costs as revenues stay flat. The big pharma has been downsizing its sales force in an effort to further align its current structure with the realities of its product portfolio as it makes big bets on a late-stage pipeline that so far has not been performing.

During a first quarter earnings call on April 24, Lilly told investors it is continuing to restructure the company –...

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