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Europe approves popular Lilly diabetes drug.

The Indianapolis Star (Indianapolis, IN)

| November 22, 2006 | COPYRIGHT 2007 The Indianapolis Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: John Russell

Nov. 22--Eli Lilly and Co.'s new diabetes drug Byetta, which became so popular that the company had trouble meeting demand this summer, is about to go international.

The drug, noted for its weight-loss benefits, has been approved for sale in 27 European countries, Lilly said Tuesday. It's the first market outside the United States for the drug, which Lilly is counting on to become a key future source of revenue.

Lilly co-developed Byetta with Amylin Pharmaceuticals, a San Diego-based company.

Byetta is given to diabetic patients to help control their blood-sugar levels before they become insulin-dependent. Many patients…

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