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Investment

Lilly strikes deals with the biotechs Foghorn and Regor

by Michael McCoy
December 17, 2021 | A version of this story appeared in Volume 99, Issue 45
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Eli Lilly and Company will pay Foghorn Therapeutics, a 5-year-old biotech firm, $300 million and buy $80 million of its stock as part of a collaboration to create oncology drugs that target the chromatin regulatory ­system. In particular, the two companies will codevelop small-molecule BRM inhibitors that Lilly calls a “difficult chemistry challenge.” Separately, Lilly will pay 3-year-old Regor Therapeutics up to $50 million as part of an agreement to develop small-molecule therapies for metabolic disorders using Regor technology.

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