Lilly Not Interested in Buying Parts of Abbott, Lechleiter Says

Eli Lilly & Co. (LLY) isn’t interested in buying parts of Abbott Laboratories (ABT) when it splits next year, Lilly’s chief executive officer said.

“We don’t believe large-scale combinations like that will add value for Lilly,” John Lechleiter said in a telephone interview today. “We remain focused on our strategy, which includes smaller deals and alliances.”

To contact the reporter on this story: Simeon Bennett in Geneva at sbennett9@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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