Lilly Inks Tech Agreement With Japanese Company

 

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has entered into a technology license agreement with a Japanese biopharmaceutical company. The agreement with PeptiDream Inc. concerns products developed through the use of the company’s Peptide Discovery Platform System technology.

The drugmaker says PeptiDream will receive upfront and annual technology access payments, as well as potential royalties based on future sales of products that arise through the use of its technology. The Japanese company will continue to work with Lilly on drug development.

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