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Eli Lilly and Company will enter a licensing agreement with Merus to develop the Dutch company’s antibody cancer treatment. The deal is worth up to $1.6 billion. Merus’s cancer platform includes 175 T-cell-modulating antibodies that are bidirectional: one part of the antibody binds to a tumor cell and the other to T cells, stimulating them to help kill the tumor cell. Lilly will give Merus $40 million up front.
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