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Business
Lilly and Purdue sign R&D agreement
by Rick Mullin
July 17, 2017
| A version of this story appeared in
Volume 95, Issue 29
Eli Lilly & Co. and Purdue University have formed a five-year pact to develop injectable drug delivery technology and models to predict the therapeutic outcomes of new medicines. Lilly will pay up to $52 million over the term of the contract, making the deal Purdue’s largest collaboration with a single company. Purdue researchers in natural and physical sciences, engineering, and veterinary medicine will work with Lilly. Last year the university announced a plan to invest $250 million in life sciences research. Purdue President Mitchell E. Daniels Jr. is the former head of Lilly’s North American drug operation.
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