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

  • Lilly has reduced its fixed costs by making some of them variable – an example of Lilly's FIPNet strategy to become more flexible and collaborative.

  • In addition to the services provided to Lilly, Covance has provided R&D services to approximately 20 other biopharmaceutical companies in Greenfield, enabling the company to further invest and grow the campus.

"These milestones demonstrate that this strategic alliance is already a win-win for both Covance and Lilly," said Covance CEO Joe Herring. "In the first year, we've proven that we can help accelerate drug development timelines and improve efficiencies, enabling Lilly to focus on its core competencies in delivering better patient outcomes over the longer-term. The positive, collaborative working relationships between Lilly and Covance employees have been equally impressive."

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SOURCE Covance Inc.
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