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

illy's preclinical research facility in Greenfield, Ind. for $50 million. As part of the agreement, Covance hired 264 former Lilly employees, and Lilly committed to providing $1.6 billion in work to Covance over 10 years for a broad range of drug development services. Covance also assumed responsibility for all of Lilly's toxicology testing and discovery support activities at Greenfield.

About Covance

Covance, with headquarters in Princeton, New Jersey, is one of the world's largest and most comprehensive drug development services companies with annual revenues greater than $1.8 billion, global operations in more than 25 countries, and more than 10,000 employees worldwide. Information on Covance's products and services, recent press releases, and SEC filings can be obtained through its website at http://www.covance.com/.

About Eli Lilly and Company (NYSE: '/>"/>

SOURCE Covance Inc.
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