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Dec 18, 2007

Lilly Coughs Up $87M Upfront for BioMS Medical’s MS Candidate

  • Eli Lilly gained exclusive, worldwide rights to BioMS Medical's lead multiple sclerosis (MS) compound for $87 million. BioMS also stands to earn development and sales milestones of up to $410 million. The company will receive escalating royalties.

    MBP8298 is currently in two Phase III trials in secondary progressive MS and one Phase II study  in relapsing-remitting MS. Under the terms of the agreement, Lilly and BioMS Medical will collaborate on the development of MBP8298. The firms will share some development costs, with Lilly being responsible for future R&D, manufacturing, and marketing activities.



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Cancer vs. Zika: What Worries You Most?

While Zika continues to garner a lot of news coverage, a Mayo Clinic survey reveals that Americans believe the country’s most significant healthcare challenge is cancer. Compared to other diseases, does the possibility of developing cancer worry you the most?

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