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Lilly will provide up to $52 million in funding for research, making this Purdue’s largest strategic corporate collaboration
Eli Lilly and Company and Purdue University have formed a strategic collaboration to conduct life science research. The five-year agreement, where Lilly will provide up to $52 million, marks Purdue's largest strategic collaboration with a single company.
The initial research focus areas include:
In the future, the partners say, collaboration may extend to other areas to best utilize the range of expertise at the two institutions. Purdue researchers from the natural and physical sciences, engineering and veterinary medicine will collaborate with Lilly researchers.
"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."