By Fineline Cube 
US-based Eli Lilly & Co. (NYSE: LLY) and Purdue University have expanded their long-term partnership with a $250 million investment from Lilly over the next eight years. This marks the largest industry-academic agreement of its kind in the United States, aimed at accelerating innovation across every stage of the pharmaceutical pipeline.
Extended Partnership and Projects
The original agreement, set to expire in 2027, now extends to 2032 with four new projects added. Existing joint initiatives like the Lilly Scholars program at Purdue and the Lilly and Purdue Research Alliance Center (LPRC) will continue to be engaged.
Collaborative Arrangements
Purdue will provide space for Lilly researchers on-site in West Lafayette. In return, Purdue researchers will have access to Lilly facilities in Indianapolis and the LEAP Research and Innovation District in Indiana.-Fineline Info & Tech