Mr. Sheedy says Eli Lilly, the pharmaceuticals maker, is "cheap relative to its prospects."

His father is a medical director in Orange, Conn., for the pharmaceutical division of the Bayer Corporation, the pharmaceuticals maker.

The SmithKline Beckman Corporation, the pharmaceuticals maker, said today that its second-quarter earnings rose 20 percent over last year.

She is a vice president for advertising of Johnson & Johnson, the pharmaceuticals maker, which is the third-largest advertiser on network television.

That would create the world's second-largest pharmaceuticals maker, after Pfizer, which plans to complete its acquisition of Pharmacia next month.

The pharmaceuticals maker said it planned to sell its industrial chemicals lines in 1990.

Mrs. Gaines, 29, is a senior marketing manager at Pfizer, the pharmaceuticals maker, in New York.

Her father retired as a director of human resources at Eli Lilly & Company, the pharmaceuticals maker, in Indianapolis.

Her father was the vice president for corporate licensing, patents and trademarks at A. H. Robins, the former pharmaceuticals maker in Richmond.

Mr. Dorman, the former chief executive of Aventis, the large pharmaceuticals maker, has always been an impatient manager.