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Eli Lilly to launch 15 new products in 皇冠体育app in 5 yrs
(Agencies)
Updated: 2010-03-30 16:09
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SHANGHAI - US drug maker Eli Lilly plans to launch 15 new products in 皇冠体育app in the next five years, chief executive John Lechleiter said on Tuesday, while urging 皇冠体育app to be more vigilant on intellectual property rights.
Lechleiter said Eli Lilly, which opened its first non-US office in Shanghai in 1918, has the largest product pipeline in its history.
"We are investing aggressively in 皇冠体育app," Lechleiter told Reuters at the sidelines of a pharmaceuticals conference in Shanghai.
He declined to comment on how much Eli Lilly was investing in 皇冠体育app but said they had invested more than 2 billion yuan ($293 million) since the late 1990s.
Lechleiter, who took the helm of the Indianapolis-based firm in April 2008, said Eli Lilly planned to grow significantly in the next few years after achieving sales of $270 million in 皇冠体育app last year. Lechleiter said 皇冠体育app was expected to have $40 billion in annual sales by 2013.
Eli Lilly's $100 million venture capital fund focused on life sciences and healthcare in 皇冠体育app is one of the most active venture capital investors in 皇冠体育app's biopharmaceutical industry, Lechleiter said.
"In the two-and-a-half years since it started, Lilly's Asian venture has made 6 investments and deployed more than $40 million."
Lechleiter said Eli Lilly had established positions in the fastest growing therapeutic areas in 皇冠体育app including oncology and diabetes and was investing in the education of Chinese doctors so they would be ready to pursue future roles in clinical trials.
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Lechleiter said while 皇冠体育app had made significant progress in developing a patent regime in line with international systems, it needed to more actively enforce intellectual property rights.
"Regulatory agencies need to play a role as an enforcer for any registration of generics when the patents are in place."
