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Lilly Expands Strategic Partnership with Chinese Manufacturer Novast to Serve Chinese Patients with High-Quality Branded Generic Medicines
Date:6/12/2012

in the quality of medicines in the pharmaceutical industry," said Jacques Tapiero, Lilly senior vice president and president of Emerging Markets. "In Lilly's emerging markets business, we are focused on providing patients with innovative medicines from our own pipeline, as well as select Lilly branded generic medicines that meet our quality standards. The additional manufacturing capabilities provided by Novast will allow us to better deliver on that strategy."

"In China, Lilly is building for the future by investing across our value chain," said Eric Baclet, president and general manager of Lilly China. "We have made significant investments in research and development, increased our commercial presence to better serve patients and healthcare providers, and expanded our manufacturing capabilities both at Lilly owned sites and through partner companies such as Novast. We are committed to help meet the medical needs of the Chinese people by providing innovative medicines of the highest quality."

"This long term strategic partnership will combine Lilly's expertise in innovation, commercialization and operations with Novast's strengths in product development and quality manufacturing," said Dr. Guohua Zhang, president and CEO of Novast Laboratories. "We are committed to helping Lilly bring high-quality medicines to patients in China and potentially other countries.  We are looking forward to working together constructively and cooperatively in the years ahead to achieve our business objectives."

"At Novast, quality is our main focus. In every market we serve, and every regulatory body we work with, we feel that we have a moral responsibility towards the consumer. That is the overriding quality benchmark we employ in producing our products," said Prasad Pinnamaraju, senior vice president and chief operating officer of Novast Holdings, LTD.

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