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Business

Lilly, Kumquat to partner on small molecules for immunotherapy

by Megha Satyanarayana
August 7, 2021 | A version of this story appeared in Volume 99, Issue 29
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Loxo Oncology, which is owned by Eli Lilly and Company, is partnering with Kumquat Biosciences to develop small-molecule immunotherapies. Lilly will pay Kumquat $70 million up front, with up to $2 billion in milestone payments. Kumquat will use its small-molecule-developing technology to identify potential antitumor candidates, and Lilly will further develop what it deems the most promising.

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