Skip to main content
Premium Trial:

Request an Annual Quote

UPDATE: Eli Lilly Creates Venture Fund to Invest in Biotechnology Startups

NEW YORK, Sept. 20 – Eli Lilly has formed a new $75 million venture capital fund, Lilly BioVentures, that will invest in early-stage biotechnology companies, Lilly said Thursday.  

The venture capital group will make initial investments of up to $5 million in companies developing new biotechnology or biopharmaceutical technologies, and companies developing new or improved platforms for drug discovery, Lilly said.

Such companies could include startups investigating a genomics approach to drug discovery, a spokesman said, as well as companies developing new strategies for identifying and processing drug candidates.

The Lilly fund would not act as an incubator for entrepreneurial ideas, the spokesman said, but would target early-stage companies in the US and in other countries. Companies that receive money from the fund are not restricted to working with Lilly, but are free to collaborate with other pharmaceutical companies, the spokesman said. 

In January, Indianapolis-based Lilly created the e-Lilly fund to invest in early stage e-business companies with applications in pharmaceuticals.

The Scan

Suicidal Ideation-Linked Loci Identified Using Million Veteran Program Data

Researchers in PLOS Genetics identify risk variants within and across ancestry groups with a genome-wide association study involving veterans with or without a history of suicidal ideation.

Algorithm Teases Out Genetic Ancestry in Individuals at Biobank Scale

Researchers develop an algorithm known as Rye to tease apart ancestry fractions in admixed individuals at a biobank-scale, applying it to 488,221 UK Biobank participants in Nucleic Acids Research.

Multi-Ancestry Analysis Highlights Comparable Common Variants at Complex Trait-Linked Loci

Researchers in Nature Genetics examine common variants implicated in more than three dozen conditions, estimating genetic effect similarities across ancestry tracts in admixed individuals.

Sick Newborns Selected for WGS With Automated Pipeline

Researchers successfully prioritized infants with potential Mendelian conditions for whole-genome sequencing or rapid whole-genome sequencing, as they report in Genome Medicine.