Parexel Announces Strategic Functional Service Provider Relationship With Eli Lilly and Company for Clinical Development in Asia/Pacific Region

Company News Release

PAREXEL International Corporation announced the establishment of a strategic functional service provider relationship with Eli Lilly and Company, a global pharmaceutical company, to support study start-up and site monitoring of clinical trials throughout the Asia/Pacific region. PAREXEL will assist Lilly in bringing greater efficiencies to its clinical research studies to help meet Lilly's development and commercialization goals.

Through the agreement, Lilly will access PAREXEL's experience in Asia and Australia for study start-up and site monitoring. The collaboration will allow Lilly to focus on its relationships with investigators and regulators and increase its flexibility, productivity and efficiency. The strategic partnership with PAREXEL enables Lilly to more effectively allocate studies and apply necessary resources to meet patient and portfolio needs.

"We are constantly evaluating how we can increase our flexibility and focus internal efforts on our core capabilities," said Jeff Kasher, Ph.D., Vice President of Global Clinical Development, Eli Lilly and Company. "This strategic agreement enables us to leverage PAREXEL's expertise in clinical trial monitoring and site start-up services throughout the Asia/Pacific region, which will increase our ability to speed innovative medicines to patients."