Lilly, Maryland Company Ink $40M Partnership

Posted: Updated:
Lilly says it has made a $15 million equity investment in NextCure. Lilly says it has made a $15 million equity investment in NextCure.
INDIANAPOLIS -

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has entered into a multiyear partnership with NextCure Inc. in Maryland. As part of the at least $40 million deal, the companies will work together on immuno-oncology therapies through NextCure's FIND-IO platform.

NextCure will receive $25 million from Lilly upfront, and will be eligible for milestone and royalty payments if Lilly can develop and commercialize new cancer therapies through the collaboration. The Indianapolis company has also made a $15 million equity investment in NextCure.

"The emerging field of immuno-oncology is offering new treatment options and hope to cancer patients," said Greg Plowman, M.D., Ph.D., vice president of oncology research at Lilly in a release. "Through this collaboration, we hope to leverage NextCure's discovery platform to expand the reach of this class of groundbreaking treatments by identifying novel cancer targets that could enable the development of a new generation of immuno-oncology therapies."

Lilly says it is not altering its earnings per share guidance as a result of the transaction.

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Rendering courtesy of Two EEs Winery

      Two-EE's Winery to Adopt New Age Policy

      Two-EE's Winery in Huntington has announced it will adopt a new age policy begining in August. Our partners at WPTA-TV report the winery will no longer allow people aged under 21 to visit the establishment due to ongoing problems with unsupervised or misbehaving children. 

    • (Image courtesy of Elanco)

      Elanco Acquisition Moves Forward

      Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) is one step closer to adding to its portfolio. Shareholders of Aratana Therapeutics Inc. (Nasdaq: PETX), voted overwhelmingly in favor of proposed $245 million purchase by Elanco.

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.

    • (Image courtesy of the Ports of Indiana)

      Indiana Port to Host U.S. Navy Vessel Ceremony

      Port of Indiana-Burns Harbor to Host First Commissioning Ceremony in Indiana for a U.S. Navy Vessel Littoral Combat Ship Will Bear USS Indianapolis Name The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship. 

    • (photo courtesy of the city of Bloomington)

      Bloomington Planning 'Kiln' Redevelopment

      The city of Bloomington is looking to continue the redevelopment of the former Showers Brothers Furniture Co. complex. Following the successful renovation of a former furniture factory into The Mill coworking space and incubator, the city is now planning to sell the Kiln, a one-story facility that was previously used to dry lumber before being used to fabricate furniture. The Kiln is located adjacent to The Mill and Alex Crowley, director of economic and sustainable development for...