Please login to the form below

Not currently logged in
Email:
Password:

Lilly/Boehringer diabetes deal

Eli Lilly and Boehringer Ingelheim have announced a deal to develop and market several diabetes products including oral agents and basal insulins

Eli Lilly and Boehringer Ingelheim have announced a deal to jointly develop and market several diabetes products including oral agents and basal insulins.

The companies say the alliance will see the sharing of scientific expertise and business capabilities, with ongoing development costs for agreed compounds shared equally between the two companies.

Lilly already has a broad portfolio in diabetes, with products including Byetta (exenatide), whereas Boehringer are looking to expand into a new therapeutic area with cases of diabetes continuing to expand globally.

The compounds to be developed are all either in mid-stage or late-stage development, and include Boehringer's linagliptin and BI10773, both of which are oral diabetes agents. LY2605541 and LY2963016, two basal insulin analogues owned by Lilly, will also be developed by both companies.

The agreement will see Lilly make a one-off initial payment to Boehringer of €300m, with Boehringer eligible to receive up to €625m in milestone payments during the development and marketing of Boehringer's drugs.

Lilly will in turn be eligible to receive up to $650m from Boehringer following success-based regulatory milestones related to its two basal insulins.

Lilly could also receive up to $525m for milestone payments concerning an anti-TGF-beta monoclonal antibody should Boehringer choose to opt-in to the product's development process.

Dr John C Lechleiter, chairman and CEO, Lilly, commented on the agreement: "For Lilly, this alliance expands our range of offerings for people with diabetes, strengthens our diabetes care capabilities and offers the prospect of near-term revenue opportunities as we address the upcoming loss of patent exclusivity for several of our products."

11th January 2011

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Nucleus Global

Nucleus Global is the largest specialist medical communications network in the world. Globally, we have over 700 experts delivering world-class...

Latest intelligence

Empowered patients: shaking the foundations of healthcare
Precision medicine represents a new paradigm in healthcare.This new approach to treating and preventing disease views the patient holistically, analysing their genes, environment and lifestyle, and using this information to...
A uniquely English genomic medicine service
The UK National Health Service is developing one standardised approach to embedding precision medicine across the whole of England. Blue Latitude Health speaks to Dr Tom Fowler, Deputy Chief Scientist...
Blended Intelligence
Data is the most valued commodity of the modern world. For P&P it's all about the application....

Infographics