Officials in Greenfield are awaiting Eli Lilly and Co.'s decision on whether it will sell or spin off its animal health business.
Azar built a portfolio now worth as much as $20.6 million and was paid nearly $2 million in his final year at Eli Lilly.
Eli Lilly & Co. and the school are calling the agreement Purdue's largest strategic collaboration with a single company.
The Lilly Endowment is one of the largest grant-making foundations in the United States.
Governor Mike Pence appoints three new members to the Indiana University Board of Trustees.