/PRNewswire/ – Eli Lilly and Company today announced the promotion of Darren J. Carroll to Senior Vice President of Corporate Business Development effective Jan. 1, 2015. He has been the Vice President of Corporate Business Development since 2010.
During his 18-year career at Lilly, Carroll has helped to lead and/or created new business models for the company, including e-Lilly, InnoCentive, Lilly Ventures, and Lilly Asia Ventures. He was the driver behind the company’s Capital Funds Portfolio strategy with several venture capital fund managers, which has thus far led to the creation of 11 new companies — including Artaeus, which Lilly acquired in January 2014 — aimed at developing novel molecules to clinical proof of concept. In his new role, Carroll will be responsible for all strategic corporate transactions including mergers and acquisitions, joint ventures, business collaborations, private equity investments, and out-partnering. Carroll will report to Derica Rice, Lilly’s Executive Vice President of Global Services and CFO.
“As we aim to ensure a more continuous flow of first-or best-in-class medicines in the years ahead, we must, and we will, increase our business development activity – through partnerships, licensing, and acquisitions,” said Rice. “Darren is the ideal candidate to lead this important and increasingly competitive work. He’s a pragmatic, creative individual with an extraordinary bandwidth for managing and understanding complex business opportunities. Darren’s high integrity, insights into diverse markets and cultures, and unique experiences, both inside and outside of Lilly, are important assets as we seek to be more attractive to potential partners.”
Carroll offered the following on Lilly’s approach to business development, “The companies that are most effective at external innovation leverage a strong internal innovation capability. Our long term commitment to scientific excellence at Lilly is the foundation for success in identifying, accessing and shaping external innovation. It’s been recognized by partners that range from start-ups to other top 10 pharmaceutical companies, and it’s a critical reason why we’re attractive as a partner: We’re ‘all in’ on innovation.”
Source: Eli Lilly and Company
A monkeypox outbreak is emerging in the U.S. and Europe, and at least one country is amping up countermeasure preparedness. Bavarian Nordic has secured a contract with an unnamed European country to supply its smallpox vaccine, called Imvanex in Europe, in response to the emergence of monkeypox cases, the Danish company said Thursday.
Moderna’s recent chief financial officer debacle—in which Jorge Gomez departed on his second day on the job—raised questions about the company’s hiring process given its rush to global biopharma prominence. The most obvious one: How was it possible for Gomez to be hired when he was under investigation by his previous employer, Dentsply Sirona of Charlotte, N.C.
Merck & Co. is plucking a cancer project from the branch of Chinese-based Kelun Pharmaceutical for up to $1.4 billion, but details from the New Jersey-based Big Pharma have been hard to come by. The deal, first disclosed Monday on the Shenzhen stock exchange, has Merck handing over $47 million in upfront cash in exchange for ex-China rights to a “macromolecular tumor project.”