Eli Lilly and Company (NYSE: LLY) has officially opened the Lilly Seaport Innovation Center (LSC), a state-of-the-art research and development facility in the rapidly growing Boston Seaport district. This new center, built with an investment of $700 million, marks a significant expansion of Lilly’s efforts in RNA and DNA-based therapies and strengthens its presence on the East Coast.
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The LSC spans 346,000 square feet across 12 stories in a building developed by Alexandria Real Estate Equities, Inc. (ARE). The facility will be home to around 500 Lilly scientists and researchers dedicated to pushing the boundaries of delivery technology and unlocking difficult-to-treat targets in key strategic areas, including neurodegeneration, diabetes, obesity, cardiovascular diseases, and chronic pain.

 

Advancing RNA and DNA Research

The opening of LSC is a milestone in Lilly’s strategic vision to lead in the development of novel RNA and DNA-based medicines. The new site will enable Lilly to enhance its research capabilities, particularly in exploring new drug targets and refining delivery technologies that are critical to the company’s future therapeutic pipeline.

“The opening of LSC expands upon Lilly’s long-standing presence in the Boston area,” said Dr. Daniel Skovronsky, Chief Scientific Officer and President of Lilly Research Laboratories. “We are committed to being supportive neighbors in this hub of discovery and innovation, further collaborating with leading institutions and new talent to continue delivering transformative medicines for the people who need them most.”

 

Expanding Gateway Labs to the East Coast

In addition to housing Lilly’s research teams, the LSC will also host the first East Coast location of Lilly Gateway Labs, a biotech-hosting program designed to foster collaboration between Lilly and innovative biotech companies. Since its inception in San Francisco in 2019, Gateway Labs has been instrumental in supporting over 20 biotech startups, offering them access to Lilly’s resources and expertise. The Boston location will accommodate 200 people from various companies, promoting a culture of shared knowledge and real-time learning.

Lilly CEO Dave Ricks previously emphasized the importance of the Boston Seaport investment during an investor event, highlighting it as a key part of Lilly’s broader strategy to innovate in RNA and DNA therapies. “We are pushing the boundaries of delivery technology to unlock difficult-to-treat targets in key areas like neurodegeneration, diabetes, and obesity,” Ricks stated.

 

A Commitment to Innovation

The launch of the LSC underscores Lilly’s commitment to driving innovation in biotechnology and expanding its footprint in regions that are at the forefront of scientific discovery. As the Boston Seaport continues to emerge as a critical hub for biotech research, Lilly’s new facility is poised to play a significant role in advancing the development of life-changing therapies for patients worldwide.

Source:
https://www.prnewswire.com/news-releases/lilly-opens-state-of-the-art-research-and-development-center-in-the-boston-seaport-302219992.html
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