Adocia demands $200 million for Lilly's alleged diabetes deal breaches

6 February 2018

Eli Lilly (NYSE: LLY) could face a bill in excess of $200 million if a French biotech’s charges against the US pharma company are upheld.

Adocia (Euronext Paris: ADOC) has filed additional arbitration claims against Lilly, accusing it of misappropriation and improper use of the Paris-based firm’s confidential information and discoveries.

Lilly is also accused of breaches of several collaboration and confidentiality agreements.

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