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Biotechnology

Lilly buys Protomer for diabetes technology

by Megha Satyanarayana
July 18, 2021 | A version of this story appeared in Volume 99, Issue 26
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Most Popular in Biological Chemistry

 

An image of a therapeutic protein being activated by a small molecule.
Credit: Protomer Technologies
Protomer develops therapeutic proteins that can be activated by small molecules.

Eli Lilly and Company has acquired Protomer Technologies in a deal that could be worth more than $1 billion. Protomer, based in Pasadena, California, engineers proteins and peptides that can sense glucose with the help of small-molecule modulators. Lilly says the technology could be used to produce glucose-responsive insulins that sense sugar levels in the blood and activate as needed. Lilly already owned 14% of Protomer.

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