I was reading this article then this caught my att
Post# of 72446
(Total Views: 261)
Posted On: 07/25/2017 8:05:08 PM
I was reading this article then this caught my attention.
Eli Lilly offers $400M-plus deal to bag an early-stage autoimmune drug from Nektar
https://endpts.com/eli-lilly-buys-into-a-400m...om-nektar/
So $150M upfront payment for a Phase 1 drug with the potential to treat different autoimmune diseases. If only IPIX has a similar drug...
Eli Lilly offers $400M-plus deal to bag an early-stage autoimmune drug from Nektar
Quote:
With little more than preclinical data and some initial dosing cohort insights available for review, Eli Lilly is making a $400 million-plus play to buy into an early-stage autoimmune drug at Nektar $NKTR that the pharma giant believes has megablockbuster potential.
Eli Lilly $LLY has agreed to acquire co-development rights on NKTR-358 — which was first dosed in a human in a Phase I study 4 months ago — for $150 million up front plus $250 million in milestones. Lilly will pick up 75% of the Phase II development costs and Nektar will have the opt-in rights on this drug on an indication-by-indication basis.
https://endpts.com/eli-lilly-buys-into-a-400m...om-nektar/
So $150M upfront payment for a Phase 1 drug with the potential to treat different autoimmune diseases. If only IPIX has a similar drug...
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