Sidney Laurel, Chairman and CEO of Eli Lilly and Company recently announced that effective immediately, all educational grants and monetary contributions made through its Foundation will be posted on its website.

Eli Lilly is the first pharmaceutical company to take such action. According to Laurel, the disclosure “will enable the public to see how the company's grants are being provided and used.”

“By sharing this information on our grant funding, we are addressing head-on questions regarding the nature of the relationships between our company and the organizations we support,” asserts Laurel.

The Foundation awarded $11.8 million in the first quarter of 2007. Among the recipients were medical societies, patient groups, nonprofit organizations, and academic institutions.