Lilly, Purdue expand initiative for drug development

Lilly, Purdue expand initiative for drug development

250 million dollars fuels Lilly-Purdue partnership INDIANAPOLIS (WISH) — Two Indiana powerhouses have teamed up to accelerate pharmaceutical innovation. Pharmaceutical giant Eli Lilly and Co. on Friday announced plans to invest up to $250 million with Purdue over the next eight years, aiming to fast-track drug development and boost Indiana’s economy. Jason Thiagarajan is a Purdue sophomore studying biochemical engineering in the Lilly Scholars a…

How a $250M deal with Lilly fits into Purdue’s aim at more industry funding

David Ricks, Eli Lilly CEO, and Purdue President Mung Chiang talk Friday about a $250 million research partnership between the Indianapolis-based company and the university. (Photo: Kelsey Lefever/Purdue)Weeks after telling faculty on the West Lafayette campus and tech industry leaders that the future of university research could depend on heavier reliance on business partner funding, Purdue President Mung Chiang was at Eli Lilly Friday helping …

Lilly plans to expand Purdue University collaboration with up to a $250 million investment

INDIANAPOLIS and WEST LAFAYETTE— Eli Lilly and Company (NYSE: LLY) and Purdue University announced today a significant expansion of their long-standing alliance, with Lilly’s planned investment of up to $250 million in the collaboration over the next eight years. This partnership, which has the potential to be the largest ever industry-academic agreement of its kind in the United States, will seek to accelerate innovation at every stage of the p…

Lilly to expand collaboration with Purdue University

INDIANAPOLIS – Eli Lilly and Co. and Purdue University announced today a significant expansion of their long-standing alliance, with Lilly's planned investment of up to $250 million in the collaboration over the next eight years. This partnership, which has the potential to be the largest ever industry-academic agreement of its kind in the United States, will seek to accelerate innovation at every stage of the pharmaceutical pipeline.Purdue Univ…