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Novast to supply Lilly-branded generic medicines
June 12, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Eli Lilly and Co. has increased its network of manufacturing capabilities in China by expanding its collaboration with Novast Laboratories, a generic and specialty pharmaceutical company based in Nantong, China. Through the collaboration, Lilly plans to build a portfolio of branded generic drugs in China. Novast may also provide local and regional manufacturing capabilities for Lilly’s development pipeline of potential new medicines. Lilly will increase its equity in Novast by $20 millio...
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