Lilly reveals plan for Innovation Centre in Cambridge, MA
Posted: 6 May 2015 |
Lilly is set to establish a new drug delivery and device innovation centre in Cambridge, increasing its delivery and devise R&D space by almost 50%…
Eli Lilly and Company is set to establish a new drug delivery and device innovation centre in Cambridge, Massachusetts – a strategic location that will help attract top scientists and bioengineers, as well as enhance Lilly’s local business development presence.
The Lilly Cambridge Innovation Centre, a makerspace located in Kendall Square, will allow leading life science experts and organisations to explore how emerging technologies and connectivity can advance drug delivery and device innovation to improve patient health.
Lilly Chairman, President and CEO John C. Lechleiter, Ph.D., noted that the Company is locating a portion of its delivery and device organisation in Cambridge – one of the leading regions for research and development of medical delivery technologies in the US – to take advantage of the area’s rich engineering talent base and life sciences ecosystem.
Lilly Cambridge Innovation Centre marks the Company’s push to be an industry leader in providing reliable drug delivery and device innovation
“The Lilly Cambridge Innovation Centre complements a deliberate push by the company to be an industry leader in providing convenient, reliable drug delivery and device innovation,” Lechleiter said. “Locating in Cambridge is an important strategic move for achieving this goal, as it provides us access to a concentration of high-caliber academic institutions, cutting-edge life science and technology companies, and some of the world’s leading talent.”
Lechleiter added that the centre will serve as a portal for external partnerships and collaboration activities with the Company’s existing research facilities in San Diego, New York City and Indianapolis.
Lilly Cambridge Innovation Centre will increase the Company’s delivery and devise R&D space by almost 50%
Construction of the Lilly Cambridge Innovation Centre will begin immediately, with an expected occupancy by the end of 2015. Over the next two years, the Company will hire about 30 scientists and engineers to fulfill the centre’s work. When fully operational, the centre will increase the Company’s delivery and device research and development space by nearly 50%, while increasing its staff by 25%.
The investment in Cambridge – part of the Company’s planned growth strategy in research and development of drug delivery and device technologies – “underscores Lilly’s commitment to providing meaningful innovation in this arena,” said Jan Lundberg, Ph.D., executive vice president of science and technology and president of Lilly Research Laboratories.
Lundberg added, “New drug delivery and device innovation is critically important to Lilly’s growing portfolio of potential medicines, particularly in our focus areas of diabetes, neurodegeneration, immunology and pain. The best therapies of the future will marry breakthrough scientific discovery with customer-friendly devices. That’s what will make life better for people who need our medicines and give Lilly a true competitive edge.”
The new centre is expected to open at the end of this year. Lilly expects its revenues from device-enabled products to double by 2020.
