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Business

Lilly Invests In Chinese Generics

by Ann M. Thayer
June 18, 2012 | A version of this story appeared in Volume 90, Issue 25
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Most Popular in Business

Eli Lilly & Co. is expanding its manufacturing network through a new investment in Novast Laboratories, a Chinese maker of generics and specialty drugs. Lilly invested in Novast several years ago through its Lilly Asian Ventures unit and will now invest an additional $20 million in the firm.With Lilly’s help to enhance quality standards, Novast will expand production capacity so it can manufacture branded generic medicines from Lilly. Ultimately, Novast may make proprietary Lilly drugs.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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