Lilly targets type 1 diabetes with Sigilon buy
US pharma major Eli Lilly (NYSE: LLY) is to acquire Sigilon Therapeutics, a biopharma company seeking to develop functional cures for patients with a range of acute and chronic diseases.
Since 2018, the companies have worked together to develop encapsulated cell therapies, including SIG-002, for the treatment of type 1 diabetes. The goal of these therapies is to free patients from constant disease management by sensing blood glucose levels, restoring insulin production and releasing it over the long term.
Ruth Gimeno, group vice president, diabetes, obesity and cardiometabolic research at Lilly, said: “Despite significant advancement in treatment for people living with type 1 diabetes, many continue to live with a high disease burden every day.
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