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Yingxi Intelligence and Eli Lilly reach a global pipeline licensing and AI drug development collaboration
Insilico Medicine (03696) has reached a licensing and drug development collaboration with Eli Lilly, where both parties will utilize Insilico’s AI pharmaceutical capabilities to accelerate the discovery and development of new therapies across multiple therapeutic areas.
According to the cooperation agreement, Eli Lilly will receive a global exclusive license for the development, production, and commercialization of a new oral therapy targeting specific indications, which is currently in preclinical development and has the potential to become a “best-in-class” treatment. Additionally, by combining Insilico’s advanced Pharma.AI platform capabilities with Eli Lilly’s extensive expertise in advancing research and disease areas, Insilico and Eli Lilly will also engage in multiple research collaborations focused on targets selected by Eli Lilly.
Under the terms of the relevant agreement, Insilico will be eligible to receive an upfront payment of $115 million and will receive further payments upon achieving development, regulatory, and commercialization milestones, bringing the total transaction value to approximately $2.75 billion; furthermore, Insilico will also receive tiered royalties based on future sales.