and many other medicines. According to Forbes, Eli Lilly and Company ranked as the 243rd largest company in the world in 2016, with sales of $20 billion and a market value of $86 billion (USD). It is the largest corporation and the largest charitable benefactor in Indiana. Lilly's greatest contributions to the industry were his standardized and methodical production of drugs, his dedication to research and development, and the therapeutic value of the drugs he created. As a pioneer in the modern pharmaceutical industry, many of his innovations later became standard practice. Lilly's ethical reforms, in a trade that was marked by outlandish claims of miracle medicines, began a period of rapid advancement in the development of medicinal drugs. During his lifetime, Lilly had advocated for federal regulation on medicines; his son, Josiah, continued that advocacy following his father's death. Honors and tributes The Colonel Eli Lilly Civil War Museum, located beneath the Sailors' and Soldiers' Monument in Indianapolis, is named in Lilly's honor. It features exhibits about Indiana during the war period and the war in general. Colonel Lilly is featured in the Indiana Historical Society exhibition, "You Are There: Eli Lilly at the Beginning," at the Eugene and Marilyn Glick Indiana History Center in Indianapolis. The temporary exhibition (October 1, 2016, to January 20, 2018) includes a recreation of the first Lilly laboratory on Pearl Street in Indianapolis and a costumed interpreter portraying Lilly. See also History of Indiana Notes and references Bibliography External links 1838 births 1898 deaths American chemists Methodists from Indiana American people of Swedish descent American planters Businesspeople from Baltimore Businesspeople from Indianapolis Burials at Crown Hill Cemetery Deaths from cancer in Indiana DePauw University alumni Eli Lilly and Company people Indiana Republicans Presidents of Eli Lilly and Company People from Kentucky People of Indiana in the American Civil War Pharmacists from Indiana Philanthropists from Indiana Union Army colonels Military personnel from Indiana 19th-century American philanthropists Pharmaceutical company founders Grand Army of the Republic officials