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Rare Disease

Lilly buys into Precision gene-editing platform

by Lisa M. Jarvis
November 27, 2020 | A version of this story appeared in Volume 98, Issue 46
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Eli Lilly and Company will pay $100 million for access to Precision BioSciences’ gene-editing platform. The partners will work together to develop treatments for Duchenne muscular dystrophy and other genetic diseases. Although many big companies have invested in the CRISPR-Cas9 gene-editing system, Lilly’s partnership with Precision taps into an older platform that uses an algae-derived enzyme called I-CreI. It can make highly specific snips to a gene and features a built-in off switch. Lilly will also take a stake in Precision worth $35 million.

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