Eli Lilly Signs a License Agreement with Seed Therapeutics for Protein Degradation-Based Therapies

Shots:

  • Seed Therapeutics to receive $10M upfront, $10M equity investment, ~$780M as pre/clinical development, regulatory & commercial milestones along with royalties on net sales of products that emerges from the collaboration
  • Seed utilizes molecular glue protein degradation technology to develop potential new therapies
  • The agreement allows Seed to advance its platform to deliver new molecules targeting proteins that cause human diseases

Click here ­to­ read full press release/ article | Ref: Globe Newswire | Image: Medium

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