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July 10, 2008
By: Tim Wright
Editor-in-Chief, Contract Pharma
Merck, Lilly, and Pfizer have joined forces to create new drug discovery and development methods aimed at saving time and money by reducing the failure rate of clinical trials. The three companies and PureTech Ventures LLC have invested $39 million to launch Enlight Biosciences LLC. Enlight will represent the first for-profit venture in which Merck, Lilly or Pfizer collaborates with its competitors. “Merck, Lilly and Pfizer don’t see competitive conflicts because they view the...
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