Indianapolis-based Eli Lilly will cut about 3,500 positions in New Jersey, China, and Iowa.
Lilly will give Baricitinib back to the Food and Drug Administration for review by the end of January, and the agency will not require a new clinical study.
Ted McKinney has directed Indiana's Department of Agriculture since 2014, after working at Dow AgroSciences and Eli Lilly subsidiary Elanco.
Eli Lilly and Pfizer are working together to develop the new class of drug that is in late-trial stages.
Chief Financial Officer Derica Rice helped Eli Lilly and Co. navigate the loss of patent protection from cheaper generic competition for several key drugs.
Eli Lilly stock fell 4 percent Monday, but health analysts say there's no immediate cause for concern.
The expansion will allow Eli Lilly to increase the manufacturing of Trulicity, a diabetes product the company launched a couple years ago.
Lilly makes a form of insulin called Humalog, whose list price has doubled since 2011, the lawsuit claims.
Even though a high-profile Alzheimer’s drug failed its most recent trial, the pharma giant is still holding out hope.
Lilly will be trimming workers in its biomedicines sales force starting in 2017.