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Lilly Announces New Investment to Further Boost Its Biotechnology Capabilities
Date:6/28/2011

ing some side effects.

Lilly is utilizing its extensive protein engineering expertise—the process of changing the sequence of a gene coding for a protein in order to bring about desirable changes in function—to  make these multi-specific therapeutics function in a way that most benefit patients. This protein engineering expertise has been built internally in its Indianapolis biotechnology research group and through earlier acquisitions of Applied Molecular Evolution (AME). Lilly is also analyzing its historic library of protein and antibody assets, a compilation of molecules from decades of research in Lilly Research Laboratories, AME and ImClone, to determine their potential to be engineered into multi-specific therapeutics.

"We are building on our strong and successful biotechnology platform which has delivered an exciting mid- to late-stage biotechnology pipeline," said Jan M. Lundberg, Ph.D., Lilly's executive vice president of science and technology, and president of Lilly Research Laboratories. "Our further investment in multi-specific therapeutics underscores Lilly's commitment to the field of biotechnology and its importance to providing improved outcomes for individual patients."

Boosting the company's biotechnology capabilities is one example of how innovation is key to everything Lilly does. In a panel discussion today at the BIO International Convention, John Lechleiter, Ph.D., Lilly's chairman, president, and chief executive officer will explain that the pursuit of innovation in any field is a difficult, high-risk venture and, as such, it's crucial to have an environment where innovation can thrive. With biotechnology as a cornerstone of its innovation strategy, Lilly will continue to invest in solutions for patients' urgent, unmet needs.

About Eli Lilly and Company

Lilly, a leading innovation-driven corporation, is developing a growing portfolio of pharmaceutical products by applying the lat
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SOURCE Eli Lilly and Company
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