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Eli Lilly and Company to Open a Diabetes-Focused Research Center in China
Date:11/2/2010

ng outcomes for individual patients with diabetes," said David Moller, M.D., vice president of endocrine and cardiovascular research and clinical investigation at Lilly.  "Given key differences in the molecular basis of diabetes in Chinese and other Asian populations, a major focus at this center will be on discovering therapies that target critical aspects of the disease."

Deepening Lilly's Presence in China

Lilly has been consistently building its organization in China since the early 1990s. Lilly's China operations and R&D efforts are based in Shanghai, and the company also has manufacturing facilities in Suzhou in addition to more than 30 offices throughout the country.  

"Lilly's presence in China spans every aspect of our business, from R&D to manufacturing to sales and marketing, and Lilly China is one of the leading and the fastest growing multinational biopharmaceutical companies in China," said Eric Baclet, president of Lilly China.  "Our new research facility is another dimension of our long term and multi-faceted approach in China."

  • Since the late 1990s, Lilly has invested more than 2 billion renminbi (nearly $300 million) across its value chain in China.

  • Lilly is the first and, to date, the only global pharmaceutical company to create a venture capital fund focused on the biopharmaceutical industry in China. This fund, known as Lilly Asian Ventures, has made six investments and deployed more than 250 million renminbi ($40 million) since being established in 2007.

  • Lilly has a history of strategic collaborations with companies and academic institutions in China, including Shanghai ChemExplorer Company Ltd., which is a contract research organization providing exclusive chemistry services to Lilly. "Lilly's diabetes-focused research center will further enhance
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SOURCE Eli Lilly and Company
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