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LLY » Topics » Quintiles

This excerpt taken from the LLY 10-K filed Feb 22, 2010.
Quintiles
We were in a collaborative arrangement with Quintiles Transnational Corp. (Quintiles) to jointly market and promote Cymbalta in the U.S. since Cymbalta’s launch in 2004. Pursuant to the terms of the agreement, Quintiles shared in the costs to co-promote Cymbalta with us and receives a commission based upon net product sales. According to that agreement, Quintiles’ obligation to promote Cymbalta expired during 2009, and we will pay a lower rate on net product sales for three years after completion of the promotion efforts specified in that agreement. The commissions paid to Quintiles are recorded in marketing, selling, and administrative expenses.
 
These excerpts taken from the LLY 10-K filed Feb 27, 2009.
Quintiles
 
We are in a collaborative arrangement with Quintiles Transnational Corp. (Quintiles) to market and promote Cymbalta in the U.S. Pursuant to the terms of the agreement, Quintiles shares in the costs to co-promote Cymbalta with us. In exchange, Quintiles receives a payment based upon net sales. According to the current agreement, Quintiles’ obligation to promote Cymbalta expires in 2009, and we will pay a lower rate on net sales for three years post their promotion efforts. The royalties paid to Quintiles are recorded in marketing, selling, and administrative expenses.


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Quintiles


 



We are in a collaborative arrangement with Quintiles
Transnational Corp. (Quintiles) to market and promote Cymbalta
in the U.S. Pursuant to the terms of the agreement,
Quintiles shares in the costs to co-promote Cymbalta with us. In
exchange, Quintiles receives a payment based upon net sales.
According to the current agreement, Quintiles’ obligation
to promote Cymbalta expires in 2009, and we will pay a lower
rate on net sales for three years post their promotion efforts.
The royalties paid to Quintiles are recorded in marketing,
selling, and administrative expenses.





-63-




 







EXCERPTS ON THIS PAGE:

10-K
Feb 22, 2010
10-K (2 sections)
Feb 27, 2009

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