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Pharmaceuticals
Lilly Seals Two New Drug Pacts
December 24, 2007
| A version of this story appeared in
Volume 85, Issue 52
Eli Lilly & Co. will lay out $87 million for access to BioMS Medical's lead multiple sclerosis compound, MBP8298. The drug is currently in two Phase II trials in secondary progressive MS and a Phase II study in relapsing-remitting MS. In addition to the upfront payment, BioMS could receive up to $410 million in milestone payments, as well as royalties on sales if the drug reaches the market. In a separate deal, Lilly will tap into protein optimization technology from privately held Ambrx to discover and develop treatments for metabolic diseases and central nervous system disorders.
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