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Bachem and Eli Lilly and Company have formed a collaboration aimed at developing and manufacturing active pharmaceutical ingredients (APIs) based on oligonucleotides. Under the terms of the agreement, Bachem will provide R&D services and manufacture APIs at its plant in Bubendorf, Switzerland, using Lilly’s oligonucleotide technology. The 7-year deal has the potential to net Bachem about $100 million per year.
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