Lilly to acquire Protomer Technologies for $1B

By The Science Advisory Board staff writers

July 14, 2021 -- Eli Lilly will acquire private biotechnology firm Protomer Technologies for an estimated $1 billion.

Protomer engineers next-generation protein therapies that can sense molecular activators in the body. Its chemical biology-based platform enables the development of therapeutic peptides and proteins, including glucose-responsive insulins, with tunable activity that can be controlled with small molecules.

The potential value of the transaction could total more than $1 billion with future development and commercial milestones.

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