New terms for Precision BioSciences' collaboration with Lilly's Prevail
US gene editing company Precision BioSciences (Nasdaq: DTIL) and Prevail Therapeutics, a wholly-owned subsidiary of Eli Lilly (NYSE: LLY), have amended and restated the development and license agreement that they signed in November 2020.
The companies will continue to collaborate on developing Precision’s ARCUS nucleases for the research and development of potential in vivo therapies for genetic disorders, including Duchenne muscular dystrophy and two additional gene targets. Prevail also continues to have the right to nominate up to three additional gene targets for genetic disorders.
Prevail will oversee and fund pre-clinical research and investigational new drug (IND) application-enabling activities following creation, selection, in vivo development, and optimization of ARCUS nucleases with respect to the gene targets subject to the collaboration, which were previously conducted by Precision at its expense.
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