Completion honors Lilly's commitment to the community and its biotech
INDIANAPOLIS, May 12 /PRNewswire-FirstCall/ -- Eli Lilly and Company (NYSE: LLY) announced today completion of the final phase of its $1 billion effort to further strengthen the company's biotechnology research and development capabilities.
At a ceremony at its Indianapolis operations, Lilly officials, along with participation by Indianapolis Mayor Gregory Ballard, dedicated the final and largest phase of the company's biotech operations - the Bioproduct Research and Development Laboratory (known as K362), which has now become Lilly's headquarters for biotechnology research and development. The 475,000 square foot, 4-story laboratory is home to nearly 500 scientists and research support staff who are conducting cutting-edge research in molecular and cell biology, analytical science, and engineering. In these labs, Lilly scientists will research and develop the next generation of biopharmaceuticals that will follow currently marketed Lilly biopharmaceuticals such as Xigris(R) for the treatment of severe sepsis and Forteo(R) for the treatment of osteoporosis. Biopharmaceutical products differ from traditional chemical-based pharmaceuticals in that scientists utilize cellular or biocellular processes to make biopharmaceuticals rather than relying on chemical processes.
The final phase dedicated today marks the completion of the third of
three facilities that make up Lilly's Indianapolis-based biotechnology
complex. The first phase of construction, completed in October 2006, was a
state-of-the-art bioproduct pilot manufacturing plant (known as K360). The
250,000-square-foot facility employs scientists and engin
|SOURCE Eli Lilly and Company|
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