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WDH: Evotec forges new drug alliance with Eli Lilly

Tuesday, 01/18/2022 08:46 from

dpa-AFX

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Scientists at work with a microscope and pipette (symbolic image). © Catalin Rusnac / iStock / Getty Images Plus / Getty Images

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HAMBURG (dpa-AFX) – The drug researcher Evotec (Evotec share) landed a new partnership. The company wants to work together with the US pharmaceutical company Eli Lilly look for new active ingredients against metabolic and chronic kidney diseases as well as diabetes in the future. The cooperation is initially designed for three years, shared the MDax-Group on Tuesday in Hamburg. The Hanseatic League put the possible total value of the project at up to one billion US dollars.

The partner Eli Lilly is entitled to later select up to five programs from this cooperation in order to then assume responsibility for further development, clinical tests and marketing. In addition to an undisclosed upfront payment per selected program, Evotec is also eligible for up to $180 million (dollar exchange rate) of success-based milestone payments. In addition, in the event of a drug being approved, there should be staggered participation in the net sales./tav/stk/jha/

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