Lilly buys in to Dicerna's RNAi platform
Eli Lilly (NYSE: LLY) has splashed out on a licensing and research collaboration in RNA interference (RNAi).
The US pharma major is to pay Boston biotech Dicerna Pharmaceuticals (Nasdaq: DRNA) $100 million upfront and an equity investment of $100 million, along with up to approximately $350 million per target in development and commercialization milestones, plus royalties.
Targets sought using Dicerna’s proprietary GalXC RNAi technology platform will be in the areas of cardio-metabolic disease, neurodegeneration and pain.
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