Eli Lilly and Co. (NYSE: LLY) and New-Hampshire based ImmuNext Inc. have announced a global licensing and research collaboration. As part of the agreement, Lilly and ImmuNext will establish a 3-year research partnership to support the development of potential new medicines for autoimmune diseases.
ImmuNext will receive an upfront payment of $40 million as part of the collaboration, and is eligible to receive nearly $565 million in development and commercialization milestones. ImmuNext will in turn give Lilly an exclusive global license to develop and commercialize the study.
"Immunology is an important area of research for Lilly, and we seek novel targets that could develop into new medicines for patients suffering with autoimmune diseases," said Ajay Nirula, M.D., Ph.D., vice president of immunology at Lilly. "Regulating the metabolism of immune cells is a promising approach to treating these diseases, and we look forward to working with ImmuNext to advance their immunometabolism target."
By Mike McCarty Chief Executive Officer, Safe Hiring Solutions
Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...
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