Sitryx snags a potential $880 million deal on new immune-metabolic medicines
UK-based biopharmaceutical company Sitryx, focused on regulating cell metabolism to develop disease-modifying therapeutics in immuno-oncology and immuno-inflammation, has signed an exclusive global licensing and research collaboration with US pharma major Eli Lilly (NYSE: LLY).
The collaboration will study up to four novel pre-clinical targets identified by Sitryx, which was formed in 2018 with intellectual property licenced from GlaxoSmithKline LSE: GSK), that could lead to potential new medicines for autoimmune diseases.
$50 million upfront
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