Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Feb 17, 2009

NeuroSearch and Eli Lilly Sign Pact for Drug R&D in CNS Diseases

  • NeuroSearch and Eli Lilly inked a three-year partnership focusing on CNS disorders. NeuroSearch will receive $5 million up front, and Lilly will make a $17 million equity investment in the firm.

    The aim is to discover and develop medicines based on novel approaches to specific ion channel modulation. NeuroSearch will be responsible for discovery programs and potentially early development.

    The firm will receive $8 million to support research over the next three years. Additionally, for each product successfully developed and commercialized under the alliance, NeuroSearch is entitled to milestone payments of up to $320 million plus royalties on the product’s global sales.

    Lilly has various options to exercise license rights to individual compounds covered by the agreement and related intellectual property. Upon exercise of license rights, Lilly will be responsible for all subsequent development and commercialization activities.

     

    ---

    To comment on this story, go to BLOGbiotech.



Related content

Be sure to take the GEN Poll

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?

More »