Eli Lilly (NYSE:LLY) announced yesterday that it committed $92.5 million to establish a scholarship program at Purdue University.
The funding establishes an innovative new pharmaceutical manufacturing scholarship program. Lilly and Purdue also renewed their strategic research collaboration. This involves a series of moves aimed at expanding their impact in Indiana and improving lives around the world.
Lilly committed $42.5 million over 10 years to fund pharmaceutical manufacturing scholarships for incoming Purdue undergraduate students. Purdue can offer 75-100 students each year full tuition with a guaranteed internship or co-op at Lilly. The university also plans to give priority access to the program to underrepresented undergraduate students. This includes students who overcame socioeconomic or educational disadvantages or represent the first generation in their family to attend college.
“Lilly is among Purdue’s most important partners, an…