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Lilly Introduces Global 'Innovation Starts Here' Initiative to Foster Innovation and Quality Science
Date:2/28/2012

BRUSSELS, Feb. 28, 2012 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced the launch of its global Innovation Starts Here initiative which supports Lilly's commitment to speeding the delivery of innovative new medicines to patients around the world.

Two key components of this initiative include the Lilly Research Awards Program and the Lilly Innovation Fellowship Awards. Through both, Lilly scientists will collaborate with academic researchers on projects that will aid in the advancement of Lilly's pipeline for the future. These important programs will also further Lilly's investment in research and development (R&D) in Europe, as well as in the United States.

"Through Innovation Starts Here, Lilly is contributing to a global collaborative culture for idea generation and innovation, helping to build the Lilly pipeline for the future while also providing resources to advance important research and development programs in Europe," said Jan Lundberg, Ph.D., executive vice president, science and technology, and president, Lilly Research Laboratories. "Collaboration is a key component to discovering innovative medicines and improving outcomes for patients. Finding innovative medicines that have clear, demonstrable value for those diseases where the unmet need is great – like diabetes and Alzheimer's disease – is not only a scientific imperative, it's an economic one as well."

Dr. Lundberg made these comments while in Brussels visiting Maire Geoghegan-Quinn, the European Commissioner for Research, Innovation and Science and John Dalli, the European Commissioner for Health and Consumer Policy. In addition to providing details about the Innovation Starts Here program, he highlighted that Lilly's 2011 global investment in R&D was approximately $5.02 billion. Lilly has also doubled R&D investments in Europe over the past 10 years.
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SOURCE Eli Lilly and Company
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