ELI LILLY & CO.(forms Lilly Bio Ventures)(Brief Article)

Chemical Market Reporter, October, 2001

ELI LILLY & CO. has formed an early-stage biotech venture firm, Lilly Bio Ventures, with initial funding of $75 million. Also, the approval process for Xigris (recombinant human activated protein C), has been delayed following the postponement of an FDA advisory committee because of the recent terrorist attacks in Washington.

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