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Lilly, Covance Strategic Alliance Proves Win-Win For Both Companies, Patients
Date:2/26/2010

" produced by the Indiana University Kelley School of Business and its Center for the Business of Life Sciences in collaboration with the event hosts Barnes & Thornburg LLP. Successes from the first year included significant advances in growing the Greenfield site, helping speed innovation to patients, and driving down the cost of drug development:

  • More than 95 percent of the 264 Lilly employees who accepted positions at Covance more than a year ago are still with the company. In addition, since October 2008, Covance has hired more than 70 new employees at Greenfield, and plans to add more than 300 additional employees there in the coming years as it continues to grow its business.

  • Last month, Lilly and Covance agreed to expand their relationship with a three-year biotechnology services agreement, in which Lilly will transfer bioproduct analytical testing to a new $15 million biotech facility Covance is building on its Greenfield campus. Also under the terms of the agreement, Covance has offered employment to about 20 Lilly employees and Lilly will continue to retain a handful of oversight roles to the b
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SOURCE Covance Inc.
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