Pharmaceutical giant Eli Lilly, a company that employs more than 40,000 employees worldwide, has announced that it has signed a 10-year lease on a 125,000-square-foot lab facility in the University Towne Center area.
The Campus Point location, which also houses Kyocera Wireless, would combine local Lilly subsidiaries SGX Pharmaceuticals and Applied Molecular Evolution. Lilly acquired SGX in a $64 million deal in August, and AME has operated as a San Diego-based subsidiary since 2004.
Lilly officials have not said whether the company will be hiring or firing after the relocation, scheduled for March 2009. Financial terms of the transaction were not disclosed.
Lilly conducts clinical research in more than 50 countries and markets its drugs, including its best-selling schizophrenia and bipolar disorder drug Zyprexa, in more than 140 countries, according to the company’s website.