Eli Lilly Buys Cialis to Screw ICOS Employees

From The Everett Herald comes the news that the shareholders of Snohomish County based ICOS Corp. have approved a buyout by mammoth drug company, Ely Lily and Co.

The financial details are in the article but the real "money quotes" are here (Emphasis TLS):

"Paul Clark, ICOS chairman and chief executive officer, said in a statement released after today’s shareholders meeting in Bothell.

"The value our employees have created is the result of years of innovation and hard work to build a highly skilled organization that has produced a best-in-class product with nearly $1 billion in sales, and achieved profitability in an industry where few companies ever do.""

"The acquisition is expected to be complete on Monday. Within the next two weeks, 400 of ICOS’ workers will be laid off, with the rest being let go in the coming months."

I guess they just couldn't keep it up.

Peace,
Chad (The Left) Shue