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

at Lilly and Covance for helping patients is evident," remarked Andrew Dahlem, Ph.D, vice president Lilly Research Laboratories (LRL) Operations/ LRL Europe. "With the Lilly/Covance model, everyone on the team understands the end goal and their role in it, and because of this, has a greater sense of urgency and personal pride in advancing the molecule to the next stage."

Covance will continue to invest in its Greenfield site, in order to grow it into a world-class research organization that could service the drug development needs of all pharmaceutical and biotechnology companies.

"This strategic alliance has proven it's a win for Lilly in terms of advancing of pipeline, in terms of job opportunities for Lilly employees and for the state of Indiana, with Covance continuing to grow its business.  I also see it as a win for patients – those who will benefit from new and better treatments achieved from the speed this alliance is generating and through the cost reductions Lilly is achieving," said Bart Peterson, Lilly senior vice president corporate affairs and communications.

Lilly and Covance entered into a long-term strategic alliance in August 2008, in which Covance acquired L
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SOURCE Covance Inc.
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