Our Story

Lilly Ventures has its roots in
the scientific tradition of
Eli Lilly and Company. Our
investment philosophy drives
us to seek great companies
with compelling life science innovations.

Our Team

Our collaborative partnership leverages the collective experience, deep expertise, and networks of our investment professionals for the benefit of our portfolio companies.

GlobeImmune and Celgene Announce Global Oncology Alliance
May 15 2009

GlobeImmune

GlobeImmune, Inc. and Celgene Corporation (NASDAQ: CELG) today announced a worldwide strategic collaboration focused on the discovery, development and commercialization of multiple product candidates based on powerful, targeted molecular immunotherapy for the treatment of cancer.

Hydra BioSciences Demonstrates TRP Ion Channel Drugs can Treat Allergy-Induced Asthma
May 18 2009

Hydra

Hydra Biosciences, Inc., a biotech company developing novel ion channel drugs, today announced that research published by Hydra Biosciences scientists and collaborators at Yale University for the first time identified the ion channel TRPA1 as playing an essential role in allergic asthma and demonstrated that Hydra’s TRPA1 antagonist HC-030031 effectively treated allergic asthma in mice.

Cylene Data on First-in-Class CK2 Inhibitor Cancer Program
May 19 2009

Cylene

Cylene Pharmaceuticals, Inc., announced today that it will present major advances in the development of their first-in-class, CK2 inhibitor CX-4945 at the 2009 BIO International Convention on Wednesday, May 20th at 4:40 pm.

Aileron Named 2009 Fierce Biotech Top 15
June 29 2009

Aileron

When Aileron announced its $40 million venture round earlier this month, the press zeroed in closely on the four big pharma venture arms that were crowding in to support the developer. The CEO says the company is on to a brand new way to develop therapeutics and there are clearly a lot of major players who want to have a front seat as researchers put a breakthrough theory to the test.

FORMA Appoints Ken Bair to Head R&D
June 29 2009

Forma

FORMA Therapeutics announced today that Kenneth W. Bair, Ph.D., has been appointed as Senior Vice President and Head of Research and Development.

Viamet Raises $18M Series B
July 07 2009

Viamet

Viamet Pharmaceuticals, Inc. announced today that it has secured $18 million in a Series B financing to accelerate the development of its novel metalloenzyme inhibitors and to advance its Metallophile™ Technology platform.

Hydra BioSciences and Cubist Announce Pain Management Discovery Collaboration
October 19 2009

Hydra

Hydra Biosciences today announced that they have entered into an agreement with Cubist Pharmaceuticals, Inc.

Receptos Raises $25M Series A
November 23 2009

Receptos

Receptos, Inc., a privately held biopharmaceutical company, announced the closing of a two-tranche $25 million Series A financing.

FORMA Raises $25M Series B
December 01 2009

Forma

FORMA Therapeutics today announced that it has closed on a Series B financing that raised a total of $25.5 million.

HemaQuest Announces Preliminary Sickle Cell and Beta Thalassemia Clinical Trial Results
December 08 2009

HemaQuest

HemaQuest Pharmaceuticals presented data from new preclinical studies and early results from clinical trials of its lead drug candidate, HQK-1001, in sickle cell disease and beta thalassemia at the annual meeting of the American Society of Hematology in New Orleans.

Intradigm Merges with Silence Therapeutics
January 05 2010

Intradigm

Silence Therapeutics plc (“the Company”) (AIM: SLN) and Intradigm Corporation announce that the companies have completed their merger to form a leading company in the field of RNAi (RNA interference).

Viamet Appoints Bill Moore as CSO
January 11 2010

Viamet

Viamet Pharmaceuticals, Inc., a pharmaceutical company developing novel, best in class metalloenzyme inhibitors, announced today that William Moore, Ph.D. has joined the company as Chief Scientific Officer.

AVID Positive Interim Phase III Alzheimer's Imaging Results
April 14 2010

Avid

Early data show strong correlation between florbetapir PET imaging and Alzheimer’s disease beta-amyloid pathology

GlobeImmune Announces Improves HCV End of Treatment Response in Phase 2b
April 19 2010

GlobeImmune

GlobeImmune Inc. announced Phase 2b data for GI-5005, the Company’s investigational Tarmogen® product for hepatitis C virus (HCV) infection, correlating GI-5005 treatment response rate and IL-28 B genotype in patients with chronic HCV infection.

HemaQuest Raises $12M Series B Financing
April 21 2010

HemaQuest

HemaQuest Pharmaceuticals, a clinical stage biotechnology company developing compounds to treat sickle cell disease, beta thalassemia and EBV-related cancers, announced today the closing of a $12M Series B financing led by new investor, Aberdare Ventures.

InnoCentive – The Art of Generating Wisdom From Crowds
April 23 2010

InnoCentive

Remember the old "suggestion box" that hit up workers or customers for new ideas? That concept has matured in the 21st century. It's now known as crowdsourcing.

Aileron R&D Spotlight Chemical Biology Drug Design
June 04 2010

Aileron

R&D Spotlight describes Stapeled Peptides as a revolutionary new class fo drugs to address thousands of currently undruggable targets.

CGI to be Acquired by Gilead Sciences
July 14 2010

CGI

Gilead Science and CGI announce the signing of a Definitive Agreement whereby Gilead will acquire CGI.