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BackInnoCare Pharma and Eli Lilly Announce Strategic Research Collaboration
InnoCare Pharma and Eli Lilly Announce Strategic Research Collaboration
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SCMP Tech1 hour agoBusiness1 min readChina

InnoCare Pharma and Eli Lilly Announce Strategic Research Collaboration

innocare pharmaeli lillybiotech

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Beijing-based InnoCare Pharma has entered a strategic research and licensing agreement with Eli Lilly to develop compounds against five targets, in a deal potentially worth up to US$3.35 billion aimed at addressing unmet medical needs.

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Why It Matters

InnoCare Pharma is a Beijing-based developer of cancer drugs. The company utilizes a proprietary drug discovery platform to identify potential therapeutic compounds.

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The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion.

InnoCare said it would use its drug discovery platform to identify and advance compounds against up to five targets.

The companies did not disclose the specific therapeutic areas covered by their partnership, saying only that the new drugs would seek to “address critical unmet medical needs”.

Open Questions

  • What are the five specific therapeutic targets?
  • What is the timeline for the development of these compounds?

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innocare pharma
OrganizationsInnoCare PharmaEli Lilly
PlacesBeijing
Topicseli lillybiotechdrug discoverylicensing agreement
This article was originally published by SCMP Tech.

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