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In Purdue’s biggest-ever collaboration, Lilly ponies up $52 million for life sciences research

By David Schwartz
Published: July 11th, 2017

Pharma giant Eli Lilly and Company and Purdue University have entered into a large-scale, five-year strategic collaboration to conduct life science research that will be worth up to $52 million to the Indiana school. The deal marks Purdue’s largest strategic collaboration with a single company.

Purdue has enjoyed a long history of engagement with Lilly. Now Lilly and Purdue University are entering into a new level of collaboration that will move us forward in areas core to both institutions,” said Purdue President Mitch Daniels. “Our investment on campus in the life sciences announced in 2016 is leading to just the types of impact we hoped to effect.”

“The biomedical revolution is upon us, but harnessing its full potential will require strong collaboration between academic research centers and industry partners,” said David Ricks, Lilly’s chairman, president and chief executive officer. “We look forward to expanding our relationship with Purdue as we work together to discover breakthrough solutions for patients.”

Initially, the deal will focus on developing better injectables and predictive models for enhancing drug development, with further areas of inquiry to be determined.

Purdue researchers from the natural and physical sciences, engineering and veterinary medicine will contribute to the interdisciplinary collaboration with Lilly researchers. “This strategic agreement links our two organizations in a commitment to scientific research supporting the global needs of patients,” said Andrew Dahlem, PhD, vice president and chief operating officer for Lilly Research Laboratories. “In addition, our collaboration strengthens our shared commitment to attract and retain the top engineering and technology talent in Indiana.”

Added Suresh Garimella, Purdue’s executive VP for research and partnerships: “Purdue University’s investment in the life sciences last year has undoubtedly increased opportunities for engagement with industry partners. This agreement with one of the most prominent companies headquartered in the state of Indiana is a particular point of pride. The collaboration was structured from the inception to be coordinated by the leadership at Lilly and Purdue to ensure relevance and unprecedented collaboration among teams of university and company researchers.”

Source: PR Newswire

Posted under: Industry-Sponsored Research Week

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