AbCellera partners with Lilly for antibody discovery

By The Science Advisory Board staff writers

May 26, 2020 -- AbCellera Biologics has joined forces with Eli Lilly on a multiyear initiative to identify antibodies for up to nine therapeutic targets.

Under the strategic research collaboration and licensing agreement, AbCellera will use its antibody drug discovery platform to identify antibodies for therapeutic targets selected by Lilly. Lilly will also hold the rights to develop and commercialize any therapeutic products that are developed from the collaboration.

An initial joint effort, which was announced in March, has focused on co-developing antibody therapeutics for the possible prevention and treatment of COVID-19. Up to eight additional therapeutic targets can now be selected by Lilly, according to AbCellera.

AbCellera has received an upfront payment as part of the new contract, and will also be awarded research payments for the nonCOVID-19 targets, according to the firm. In addition, the company will be eligible for preclinical, clinical, and commercial milestone payments, as well as tiered royalties on future sales.


Copyright © 2020 scienceboard.net
 
To access all The ScienceBoard content create a free account now:


Email Address:  

First Name:

Last Name:

Learn about ScienceBoard

Get the latest life sciences research and industry news, delivered straight to your inbox, for free.

Why subscribe?

ScienceBoard is uniquely focused on the business of research, addressing the biggest problems that the biomedical industry face. You’ll get breaking news, events coverage, and deep dives into the science that drives innovation, delivered to your inbox daily.


Letter from the Editor Please send me twice-weekly roundups of all the latest life research and industry news.
SAB Announcements Please send me the latest announcements from The Science Advisory Board and their partners.
Spotlight Receive notifications about new content, services, or educational resources designed to help you sharpen your skills and grow professionally.
 
I have read and agree to the privacy policy and terms of service and wish to opt-in for ScienceBoard.net.

Already have an account? Sign in here