Eli Lilly and Company will invest up to $250 million in its long-standing collaboration with Purdue University over the next eight years. This partnership, which has the potential to be the largest ever industry-academic agreement of its kind in the United States, will seek to accelerate innovation at every stage of the pharmaceutical pipeline.

The Lilly-Purdue 360 Initiative aims to achieve several key goals, including:

• Discovering and accelerating the delivery of medicines to patients
• Bridging the gap between laboratory discoveries and clinical applications
• Creating more resilient, efficient and sustainable supply chains
• Deploying innovative, scalable approaches to workforce development

The expanded collaboration is also expected to generate significant economic benefits for Indiana by creating a highly skilled workforce and fostering local innovation.

The earlier agreement, which had been set to expire in 2027, will now extend with four new projects added through 2032. Additionally, it will engage existing joint programs, such as Lilly Scholars at Purdue and the Lilly and Purdue Research Alliance Center (LPRC). Purdue will make space available for Lilly researchers on-site in West Lafayette. Purdue researchers will collaborate in Lilly facilities in Indianapolis and in Indiana’s LEAP Research and Innovation District.

“As potentially the largest single university-industry research agreement in American history, Lilly and Purdue are blazing a new trail to the endless frontier,” said Purdue University President Mung Chiang.

“Accelerating the delivery of life-changing medicines demands a highly skilled workforce and continuous innovation across discovery, process development and manufacturing,” said David A. Ricks, Lilly’s chair and CEO. “Through this expanded collaboration with Purdue, we look forward to combining our strengths in advanced technologies and cutting-edge science to pioneer new methods of delivering next-generation medicines to advance human health.”