Issue Date: January 17, 2011
Lilly, Boehringer Partner In Diabetes
Eli Lilly & Co. and Boehringer Ingelheim will jointly develop a portfolio of diabetes compounds that are in or nearing late-stage development. Lilly will pay $390 million up front to Boehringer Ingelheim, which could also receive up to $820 million in milestone payments related to two oral diabetes agents it will contribute to the alliance. For its two insulin analogs, Lilly could gain $650 million in milestones. If Boehringer chooses to develop Lilly’s anti-TGF-β monoclonal antibody, Lilly would be eligible for up to $525 million more in potential payments.
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