Full Press Release Details
Selects ICON to Manage its Clinical Data Management Business Outside the
DUBLIN, Ireland--(BUSINESS WIRE)--November 18, 2008--
Lilly Selects ICON to Manage its Clinical Data Management Business
Strategic Agreement Spans More Than 36 Countries
Dublin, Ireland, November 18th, 2008 - ICON plc (NASDAQ:
ICLR; ISIN:IE0005711209), a global provider of outsourced
development services to the pharmaceutical, biotechnology and medical
device industries, today announced that it has signed an agreement with
Eli Lilly and Company (NYSE: LLY) to manage the company's clinical data
management business outside the United States. The agreement, which
spans more than three dozen countries, excluding the United States and
Japan, will help to transform Lilly's research and development
organisation as they seek to drive productivity, gain speed to market
and lower drug development costs.
"Today's announcement is a significant milestone in the relationship
between ICON and Lilly," commented Peter Gray, CEO at ICON. "We have
been working together in an innovative partnership approach to the
outsourcing relationship, and the decision to move this important
business function to ICON is based on our proven ability to meet project
deadlines whilst driving process efficiencies. We look forward to
building on this initiative and to helping Lilly realise its vision of a
networked business model."
"Lilly is eager to leverage ICON's substantial, scalable clinical data
management capabilities around the globe. Through this agreement, we
take another significant step in our ongoing agenda to increase
flexibility, reduce fixed cost, and focus internal resources on core
capabilities," said Jeff Kasher, Lilly's Vice President and Chief
Operating Officer of Global Clinical Development.
ICON plc is a global provider of outsourced development services to the
pharmaceutical, biotechnology and medical device industries. The Company
specializes in the strategic development, management and analysis of
programs that support clinical development - from compound selection to
Phase I-IV clinical studies. ICON teams have successfully conducted over
5,500 development projects and consultancy engagements across all major
therapeutic areas. ICON currently has over 6,600 employees, operating
from 71 locations in 38 countries.
Further information is available at www.iconplc.com.
Lilly, a leading innovation-driven corporation, is developing a growing
portfolio of first-in-class and best-in-class pharmaceutical products by
applying the latest research from its own worldwide laboratories and
from collaborations with eminent scientific organizations. Headquartered
in Indianapolis, Ind., Lilly provides answers - through medicines and
information - for some of the world's most urgent medical needs.