PeptiDream to receive an up front, ~$1.235B upon achievement of development, regulatory & commercial milestones along with royalties. The new agreement was based on the 2013 collaboration which was followed by the Mar 2016 nonexclusive license of PeptiDream’s PDPS technology that excludes work on PDC programs
PeptiDream will lead the peptide discovery & optimization efforts. Lilly will lead payload discovery & optimization efforts along with development aspects of any PDC products
The collaboration focus is to identify the high-affinity macrocyclic peptide ligands for TOI (chosen by Lilly) & deliver a Lilly-conjugated payload to specific cells and tissues using PeptiDream’s PDPS technology
Ref: Businesswire | Image: Eli Lilly
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