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Lilly Launches the Institute for Genetic Medicine

New $700 million facility will head research efforts in Boston and New York to accelerate the development of RNA and DNA-based medicines.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Eli Lilly and Company has launched the Lilly Institute for Genetic Medicine and an investment of approximately $700 million to establish a state-of-the-art facility at a new site in the Boston Seaport. This investment—part of the company’s strategy to advance RNA based therapeutics—builds on the 2020 acquisition and expansion of Prevail Therapeutics, a gene therapy pioneer based in New York City. Working together, researchers in both Boston and New York will leverage promising RNA and DNA-...

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