PeptiDream licenses PDPS technology to Lilly
Japanese biopharma firm PeptiDream (TYO: 4587) saw its shares gain 3.2% to 4,505 yen after it said it had entered into a collaboration with a US pharma major.
The company revealed the signing of a technology license agreement with Eli Lilly (NYSE: LLY) to non-exclusively rights to PeptiDream’s proprietary peptide discovery platform system (PDPS) technology.
Under the terms of the accord, PeptiDream will receive upfront and annual technology access payments, and will be eligible for development milestones and royalties on future sales of products (both peptide and small molecule therapeutics) that arise from use of the PDPS technology. Similar to previous technology licenses, the license will exclude work on peptide-drug conjugate (PDC) programs, as PeptiDream has extensive internal development efforts ongoing in this area, to which PeptiDream will be providing additional information soon.
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