INDIANAPOLIS ( TheStreet) -- Eli Lilly (LLY - Get Report) will lay off some 5,500 employees by the end of 2011, as the drugmaker prepares to face a slew of patent expirations, including one on its best-selling drug, the antipsychotic Zyprexa.The Indianapolis company also said it would reorganize itself into four business units and strive to cut costs by $1 billion a year, also by the end 2011.
Eli Lilly To Lay Off 5,500 Workers
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