A two-year suspension of the tax expires at the end of the year.
Eli Lilly & Co. and the school are calling the agreement Purdue's largest strategic collaboration with a single company.
The investment will support additional faculty members, equipment purchases and facilities for the life sciences.
A new report shows funding for biotechnology, pharmaceutical and medical manufacturing startups in Indiana are growing faster than the national average.
Cook Medical Devices and Purdue University announced yesterday they will work together to create an investment fund for life science startups.
Indiana is beginning to grapple with new problems in developing and maintaining an adequate workforce, particularly in the life sciences sector.
Indiana is ranked as one of the top five states in the life sciences industry with a workforce of 55,000 people according to new data.
Anyone with a health-related degree, regardless of their level of education, was less likely to be left unemployed by the economic downturn.
IU and Purdue Launch New Life Science Initiative at the Indiana Statehouse.
Ivy Tech of Bloomington opens its new life sciences building.