Lilly links up with Merus on CD3-engaging bispecific antibodies
A subsidiary of US pharma major Eli Lilly (NYSE: LLY) and Dutch biotech Merus (Nasdaq: MRUS) have announced a research collaboration and exclusive license agreement.
Shares in Merus opened 4% higher on Tuesday.
"We expect these therapies will become an important component of the Loxo Oncology at Lilly biologics strategy"The deal will leverage Merus' proprietary Biclonics platform along with the scientific and rational drug design expertise of Loxo Oncology at Lilly to research and develop up to three CD3-engaging T-cell re-directing bispecific antibody therapies.
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