Lilly’s Venture Strategy Matures As PoC Data Catalysts Approach

As part of a new R&D investment approach, Eli Lilly has partnered with TVM Capital and HealthCare Ventures, which have raised $250 million and funded the start of eight single-molecule companies. Corporate Business Development VP Darren Carroll discussed how the company’s venture initiative has evolved during Elsevier’s Pharmaceutical Strategic Alliance conference Sept. 25.

Eli Lilly & Co.’s venture investment experiment is beginning to bear fruit. The company has partnered with two health care investment firms, which have raised $250 million to put into single molecule-focused startups, Lilly’s VP-Corporate Business Development Darren Carroll said Sept. 25 during Elsevier’s Pharmaceutical Strategy Conference (PSA 2013) in New York.

The big pharma first unveiled plans to invest in multiple venture funds to support the development of early-stage drugs in...

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