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

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Anthill Agency

Digital communications agency empowering clients through their digital transformation journey. Whether through training, delivering solutions or devising digital strategies, we...

Latest intelligence

How nature can help you manage the pressures of agency life
Paul Hutchings, founder of fox&cat, outlines how nature can help you can boost staff wellbeing in your agency this Mental Health Awareness Week...
How can we strike the right balance between familiarity and innovation when it comes to data presentation?
Following our webinar in March, Getting MedComms right: navigating the age of the amateur expert, we’re taking the time to respond to questions we were unable to answer during the...
Deep 6 AI: the smart software breathing new life into clinical trials
Fishawack Health interviews Wout Brusselaers, the Deep 6 AI CEO using artificial intelligence to solve one of the greatest barriers stagnating healthcare innovation—clinical trial recruitment and retention....