Lilly and Germany's CureVac agree I-O deal worth up to $2 billion

18 October 2017

Indianapolis, USA-based Eli Lilly (NYSE: LLY) and privately-held German firm CureVac have announced a global immuno-oncology collaboration focused on the development and commercialization of up to five potential cancer vaccines.

It’s the second major mRNA collaboration with a German firm in recent months, after UK pharma company AstraZeneca (LSE: AZN) agreed a five-year deal with Ethris to develop new RNA therapies for respiratory diseases.

Eli Lilly will pay 50 million euros ($59 million) up front to benefit from CureVac's proprietary RNActive technology, which uses messenger RNA (mRNA) technology that targets tumor neoantigens.

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