NPIL, Lilly Form Another R&D Pact

Mumbai-based Nicholas Piramal India Ltd. and Eli Lilly & Co. have reached a second drug discovery agreement. NPIL and Lilly will separately conduct early clinical development on different drug candidates directed at the same biological target. NPIL stands to gain as much as $110 million in milestones and royalties if the program is successful. Last year, NPIL licensed a Lilly compound in order to conduct preclinical and clinical studies.