$630 million on the line in Confo and Lilly link-up
G-protein coupled receptor (GPCR) company Confo Therapeutics has announced a worldwide licensing agreement with US pharma major Eli Lilly (NYSE: LLY) for the Belgian firm’s clinical stage CFTX-1554 and back-up compounds.
CFTX-1554, an inhibitor of the angiotensin II type 2 receptor (AT2R) currently in Phase I development, represents a non-opioid approach to treating neuropathic pain, a condition caused by damage to the nerves outside of the brain and spinal cord, and potentially additional peripheral pain indications.
Under the terms of the agreement, Lilly will continue the clinical development program beyond Phase I.
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